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  "documentTitle": "Icahn Enterprises | Activist Presentation Deck | 37 slides",
  "authorId": "icahn-enterprises",
  "authorName": "Icahn Enterprises",
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  "presentationDate": "2023-04-01 00:00:00",
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  "notes": "Uses direct quotes as evidence to frame management's behavior as stubborn or misaligned with regulatory interests.",
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      "kind": "callout",
      "text": "NO MATTER WHAT THEY TELL YOU, ILMN’S MANAGEMENT WILL CONTINUE APPEALING (AND APPEALING) BECAUSE THEY SIMPLY WANT TO OWN GRAIL AT ANY COST.",
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      "text": "“A decision from the full FTC is pending. We intend to continue to vigorously defend against the FTC action.”¹\n\n“We intend to appeal any EC Divestment Decision and, if necessary, to seek interim relief suspending the divestment of GRAIL until the final determination of these appeals.”¹\n\n“Illumina today announced that it will appeal the FTC’s decision ordering the unwinding of Illumina's acquisition of GRAIL”²\n\n“We disagree that the Commission has jurisdiction to review the GRAIL transaction and believe that divestment is not proportional to the speculative harm the Commission has alleged”³",
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      "kind": "source-note",
      "text": "1) ILMN’s 2022 10-K\n2) ILMN press release dated 4/3/2023\n3) Foo Yun Chee. “Illumina fights EU order to divest Grail.” Reuters. 2/8/2023; Statement made by ILMN ahead of hearing on 2/8/2023",
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      "text": "MANAGEMENT WILL APPEAL AND APPEAL TO OWN GRAIL",
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