July 31 (Reuters) - 23andMe co-founder and chief
executive Anne Wojcicki made a non-binding proposal to the board
to acquire all of the company's outstanding shares not already
owned by her or her affiliates for $0.40 per share, a filing
showed on Wednesday.
In April, Wojcicki notified the members of the board's
special committee of her intention to make an offer for the
genetic testing firm and take it private.
Wojcicki also had indicated that she was working with
advisers and intended to begin speaking to potential partners
and financing sources.
The proposal, which Wojcicki made on July 29, indicated that
she continued to have discussions with potential equity
financing sources, the filing showed.
The offer is conditioned upon approval of the company's
special committee and there can be no assurance that the
proposal will result in any definitive agreement, transaction or
any other strategic alternative, the filing said.
In the proposal, Wojcicki again stated that she would not
expect to support any alternative transaction.