Shareholders are set to vote on Thursday whether to back the gene-sequencing company’s incumbent board or candidates named by the activist investor.

Carl Icahn is seeking changes at the top of Illumina.Brendan McDermid/ReutersHow close is Icahn to his next win?

One of the biggest fights in corporate America is coming to a head on Thursday: Shareholders in Illumina, the gene-sequencing giant, are set to vote on whether to back the company’s incumbent directors or candidates nominated by the billionaire Carl Icahn.

A board fight involving one of Wall Street’s top activist investors is significant in its own right. But there’s more at play here, including a takeover that has tested antitrust regulators on both sides of the Atlantic and new proxy rules that could reshape American corporate governance.

A $7 billion deal for Grail is a major factor in this scuffle.

Keep reading this article on The New York Times Business.

Leave a Reply