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23andMe CEO Wojcicki no longer open to third-party takeover proposals, filing shows
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23andMe CEO Wojcicki no longer open to third-party takeover proposals, filing shows
Oct 2, 2024 9:53 PM

Sept 30 (Reuters) - Genetic testing firm 23andMe

Chief Executive Officer Anne Wojcicki would no longer be open to

considering third-party takeover proposals for the company, a

regulatory filing showed on Monday.

"It has become even clearer to me that the best path forward

for the (company) is for me to take the company private,"

Wojcicki said.

Wojcicki had said earlier this month she would consider

third-party takeover proposals while continuing to evaluate and

negotiate a deal.

In July, the CEO and co-founder proposed to acquire all

outstanding shares of the firm not already owned by her or her

affiliates for $0.40 each.

The independent directors of the company resigned earlier

this month saying they had not received a satisfactory

take-private offer in the best interests of the non-affiliated

shareholders.

23andMe, which provides DNA testing that helps users learn

more about their ancestry, went public in 2021.

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