Illumina Prevails in EU Court Over Grail Merger Probe

Ruling limits European Commission's power to review mergers below revenue thresholds, impacting future regulatory actions.

Illumina wins court case against EU's investigation of its $7.1 billion Grail acquisition.
European Court of Justice rules the EU overstepped its authority using Article 22.
The decision removes Illumina's obligation to pay a $478 million fine.
The ruling emphasizes the importance of adhering to revenue thresholds for merger reviews.
EU competition chief Margrethe Vestager to reassess regulatory strategies post-ruling.