llumina sees $35M-$50M of incremental charges related to spin-off

In connection with the spin-off, Illumina estimates that it will incur incremental charges of approximately $35 – $50M, primarily comprised of cash expenditures relating to legal and advisory fees. Beginning on or about June 12 , and continuing until, but not including, the distribution date, it is expected that GRAIL common stock will trade on a “when-issued” basis on Nasdaq under the ticker symbol “GRAL WI.” On Friday, June 21 when-issued trading of GRAIL common stock will end and on Tuesday, June 25, GRAIL common stock will begin trading “regular way” on Nasdaq under the ticker symbol “GRAL.” Illumina will continue to trade on Nasdaq under the ticker symbol “ILMN.” Also beginning on or about June 12 and continuing until, but not including, the distribution date, it is expected that there will be two markets in Illumina common stock. Illumina shares that trade in the “regular way” market under the symbol “ILMN” will trade with an entitlement to shares of GRAIL common stock to be distributed pursuant to the distribution. Illumina shares that trade in the “ex-distribution” market under the symbol “ILMN WI” will trade without an entitlement to shares of GRAIL common stock..This information was taken from a company 8K filing.