Mergers: Commission alleges Illumina and GRAIL breached EU merger rules by early implementation of their acquisition* The European Commission has sent a Statement of Objections alleging that Illumina and GRAIL breached the EU Merger Regulation by implementing the acquisition while the Commission's in-depth investigation into the proposed transaction is still ongoing. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “If companies jump the gun and implement deals that are subject to our review, they undermine the effective functioning of our EU merger control system. This is a serious breach of the standstill obligation. Illumina and GRAIL have openly done so by implementing their deal while the Commission is still carrying out its in-depth
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The EU Commission issues a Statement of Objections to two American firms which concluded a merger in defiance of the standstill obligation potentially opening themselves up to substantial fines (Illumina / GRAIL)
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