Benzinga | Aug 12, 2021 03:21PM EDT

EU Regulators Temporarily Pause Illumina, Grail Deal Investigation

* The European Commission has temporarily suspended the provisional deadline for its investigation into Illumina Inc's (NASDAQ:ILMN) plans to buy Grail Inc, adding uncertainty to whether regulators will wrap up before the deal expires.

* As first reported by Reuters, the Commission is waiting on Illumina to fulfill a data request.

* The original Commission investigation deadline was November 29. A new deadline will be announced after receiving the required information.

* Illumina and Grail's merger agreement expires in September, but the companies have an option to extend that deadline to December 20, 2021.

* Price Action: ILMN shares are up 1.27% at $509.16 during the market session on the last check Thursday.