US lawmakers question FTC’s efforts to stop Illumina’s deal for Grail By Reuters – Investing.com

  • Date: 03-Sep-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Jordan
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US lawmakers question FTC’s efforts to stop Illumina’s deal for Grail By Reuters – Investing.com

WASHINGTON (Reuters) - Two Republican lawmakers on Thursday questioned the Federal Trade Commission's efforts to unwind life science company Illumina Inc (NASDAQ:)'s $7.1 billion acquisition of Grail Inc, alleging the regulator was not following a normal path in its work.

Members of Congress Jim Jordan and Darrell Issa wrote in a letter to FTC Chair Lina Khan that agency actions related to the deal require congressional oversight, demanding documents related to the FTC's work.

"The FTC's approach to the Illumina-GRAIL merger departs from its typical enforcement process and raises questions about the Commission's interference in the case," the Sept. 2 letter said.