Illumina expresses plans of acquiring Grail Inc. for £6.25 billion

In an announcement on Monday, Illumina Inc. (NASDAQ: ILMN) said it will pay £6.25 billion in cash and stock to buy Grail Inc. The deal will see Illumina buying out Grail’s investors, including CEO Jeff Bezos of Amazon Inc. Illumina had spun out the cancer screening start-up in 2016.    Illumina was reported trading about 15% down in premarket trading on Monday. Shares of the company recovered slightly in the morning session but lost the gain before the market close. Illumina now has a per-share price of £209 that represents close to a 30% recovery since March when the stock