Summary by Moomoo AI
Illumina, Inc. (ILMN) has announced a distribution of new common shares of GRAIL, Inc. (GRAL) to its shareholders, with a distribution ratio of approximately 0.166667 GRAL shares for each ILMN share held. The record date for the distribution is set for June 13, 2024, and the payable date is June 24, 2024. Following this, the NASDAQ has established June 25, 2024, as the ex-distribution date. In conjunction with this distribution, the option symbol for Illumina will change from ILMN to ILMN1 effective June 25, 2024. The new deliverable per contract will include 100 Illumina common shares, 16 new GRAIL common shares, and cash in lieu of approximately 0.6667 fractional GRAL shares. The settlement of the ILMN and GRAL components will be processed through the National Securities Clearing Corporation (NSCC), with the cash...Show More