Carl C. Icahn Issues Open Letter to Stockholders of Illumina (ILMN)

Key Summary:  Carl C. Icahn, holding a 1.4% stake, launched a series of aggressive actions against Illumina starting March 2023, criticizing the $8bn Grail acquisition for significant value destruction. He issued numerous open letters pushing for CEO and Chairman replacements, highlighting concerns over management decisions and corporate governance. Des…