Illumina shares rise on WSJ report activist investor Meister will join board

Investing.com

03-25

Illumina shares rise on WSJ report activist investor Meister will join board

Investing.com -- Illumina shares rose over 2% premarket on Tuesday, following a Wall Street Journal report that activist investor Keith Meister would join the company’s board of directors.

According to the WSJ, Meister’s hedge fund, Corvex Management, holds a 2.5% stake in the gene-sequencing leader. Meister is expected to focus on growth and improved margins.

The board changes, including the appointment of Meister and current board member Scott Gottlieb as chairman, are set to take effect on Friday, the WSJ reports.

Meister’s Corvex Management first invested in Illumina (NASDAQ:ILMN) in 2023 and has been a supporter of the company’s leadership, particularly its CEO, while urging better execution and predictable, profitable growth, said WSJ.

The move comes amid challenges for Illumina, including antitrust concerns and a proxy fight with investor Carl Icahn.

The company also recently faced geopolitical issues, with the U.S.-China tariff conflict affecting its sales.

Earlier this month, Illumina revised its financial outlook, reducing its forecast and announcing $100 million in spending cuts.

Former FDA Commissioner Scott Gottlieb will succeed Stephen MacMillan as chairman. MacMillan, who has been aligned with Icahn in the past, will retire from the board, WSJ added.

Illumina shares are down 34% this year and 33.9% in the last 12 months.

Related Articles

Illumina shares rise on WSJ report activist investor Meister will join board

Schneider Electric to invest over $700 million in US to power AI boom

HSBC upgrades Raspberry Pi to â€œholdâ€ amid market reset

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2522072979"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522072979\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2522072979?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-25 21:10","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2522072979","market":"nz","top_or_hot":-1,"title":"Illumina shares rise on WSJ report activist investor Meister will join board","media":"Investing.com","content":"<html><body><img height=\"410\" src=\"https://i-invdn-com.investing.com/news/World_News_10_800x533_L_1420026292.jpg\" title=\" Illumina shares rise on WSJ report activist investor Meister will join board\" width=\"650\"/>\n<p>Investing.com -- <a href=\"https://laohu8.com/S/ILMN\">Illumina</a> shares rose over 2% premarket on Tuesday, following a Wall Street Journal report that activist investor Keith Meister would join the company’s board of directors. </p>\n<p dir=\"ltr\">According to the WSJ, Meister’s hedge fund, Corvex Management, holds a 2.5% stake in the gene-sequencing leader. Meister is expected to focus on growth and improved margins.</p>\n<p dir=\"ltr\">The board changes, including the appointment of Meister and current board member Scott Gottlieb as chairman, are set to take effect on Friday, the WSJ reports. </p>\n<p dir=\"ltr\">Meister’s Corvex Management first invested in Illumina (NASDAQ:ILMN) in 2023 and has been a supporter of the company’s leadership, particularly its CEO, while urging better execution and predictable, profitable growth, said WSJ.</p>\n<p dir=\"ltr\">The move comes amid challenges for Illumina, including antitrust concerns and a proxy fight with investor Carl Icahn. </p>\n<p dir=\"ltr\">The company also recently faced geopolitical issues, with the U.S.-China tariff conflict affecting its sales. </p>\n<p dir=\"ltr\">Earlier this month, Illumina revised its financial outlook, reducing its forecast and announcing $100 million in spending cuts.</p>\n<p dir=\"ltr\">Former FDA Commissioner Scott Gottlieb will succeed Stephen MacMillan as chairman. MacMillan, who has been aligned with Icahn in the past, will retire from the board, WSJ added.</p>\n<p dir=\"ltr\">Illumina shares are down 34% this year and 33.9% in the last 12 months.</p>\n<p>Related Articles</p>\n<p>Illumina shares rise on WSJ report activist investor Meister will join board</p>\n<p>Schneider Electric to invest over $700 million in US to power AI boom</p>\n<p>HSBC upgrades Raspberry Pi to â€œholdâ€ amid market reset</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Illumina shares rise on WSJ report activist investor Meister will join board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIllumina shares rise on WSJ report activist investor Meister will join board\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-25 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/illumina-shares-rise-wsj-report-131037957.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Illumina shares rose over 2% premarket on Tuesday, following a Wall Street Journal report that activist investor Keith Meister would join the company’s board of directors. \nAccording ...</p>\n\n<a href=\"https://finance.yahoo.com/news/illumina-shares-rise-wsj-report-131037957.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/illumina-shares-rise-wsj-report-131037957.html","article_id":"2522072979","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522072979","pubTimestamp":1742908237,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Illumina shares rose over 2% premarket on Tuesday, following a Wall Street Journal report that activist investor Keith Meister would join the company’s board of directors.According to the WSJ, Meister’s hedge fund, Corvex Management, holds a 2.5% stake in the gene-sequencing leader. Meister is expected to focus on growth and improved margins.The board changes, including the appointment of Meister and current board member Scott Gottlieb as chairman, are set to take effect on Friday, the WSJ reports.Meister’s Corvex Management first invested in Illumina  in 2023 and has been a supporter of the company’s leadership, particularly its CEO, while urging better execution and predictable, profitable growth, said WSJ.The move comes amid challenges for Illumina, including antitrust concerns and a proxy fight with investor Carl Icahn.The company also recently faced geopolitical issues, with the U.S.-China tariff conflict affecting its sales.Earlier this month, Illumina revised its","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","BK4121":"生命科学工具和服务","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4588":"碎股","ILMN":"Illumina","BK4548":"巴美列捷福持仓"},"translate_title":"《华尔街日报》报道激进投资者梅斯特将加入董事会，Illumina股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ILMN":1},"content_text":"Investing.com -- Illumina shares rose over 2% premarket on Tuesday, following a Wall Street Journal report that activist investor Keith Meister would join the company’s board of directors. \nAccording to the WSJ, Meister’s hedge fund, Corvex Management, holds a 2.5% stake in the gene-sequencing leader. Meister is expected to focus on growth and improved margins.\nThe board changes, including the appointment of Meister and current board member Scott Gottlieb as chairman, are set to take effect on Friday, the WSJ reports. \nMeister’s Corvex Management first invested in Illumina (NASDAQ:ILMN) in 2023 and has been a supporter of the company’s leadership, particularly its CEO, while urging better execution and predictable, profitable growth, said WSJ.\nThe move comes amid challenges for Illumina, including antitrust concerns and a proxy fight with investor Carl Icahn. \nThe company also recently faced geopolitical issues, with the U.S.-China tariff conflict affecting its sales. \nEarlier this month, Illumina revised its financial outlook, reducing its forecast and announcing $100 million in spending cuts.\nFormer FDA Commissioner Scott Gottlieb will succeed Stephen MacMillan as chairman. MacMillan, who has been aligned with Icahn in the past, will retire from the board, WSJ added.\nIllumina shares are down 34% this year and 33.9% in the last 12 months.\nRelated Articles\nIllumina shares rise on WSJ report activist investor Meister will join board\nSchneider Electric to invest over $700 million in US to power AI boom\nHSBC upgrades Raspberry Pi to â€œholdâ€ amid market reset","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":1}}}