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Illumina Board Approves Spin-Off Of GRAIL, 'When-Issued' Trading Expected To Begin On Or About June 12, 2024

Author: Benzinga Newsdesk | June 03, 2024 05:25pm

RAIL is anticipated to spin off from Illumina on June 24, 2024, and has applied to list on Nasdaq as "GRAL."

Illumina's Board of Directors has declared a pro rata dividend of 85.5% of the outstanding common stock of GRAIL to Illumina's shareholders, and Illumina will retain 14.5% of the outstanding shares of GRAIL common stock. 

Posted In: ILMN


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