In October 2023, the European Commission said it was requiring Illumina to unwind the GRAIL acquisition. By December 2023 Illumina announced that the company would, indeed, divest GRAIL by the second quarter of 2024. Illumina today shared the following stock distribution and trading details: Stock Distribution Illumina shareholders will retain their current shares of Illumina common stock and, on the distribution date, also receive one share of GRAIL common stock for every six shares of Illumina common stock held at the close of business on June 13, 2024, the record date for the distribution. The distribution is expected to occur at 12:01 a.m. ET on June 24, 2024, subject to customary conditions such as the effectiveness of the registration statement. 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.