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Market Chatter: 23andMe's Independent Directors Resign Over Weak Take-Private Offer
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Market Chatter: 23andMe's Independent Directors Resign Over Weak Take-Private Offer
Sep 18, 2024 3:30 AM

05:00 AM EDT, 09/18/2024 (MT Newswires) -- 23andMe Holding's ( ME ) independent directors resigned after receiving an unsatisfactory take-private offer from Chief Executive Anne Wojcicki, Reuters reported Tuesday, citing an internal document.

Wojcicki is offering $0.40 per share for all outstanding shares, Reuters reported.

"After months of work, we have yet to receive from you a fully financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders," the seven independent directors said in a letter to Wojcicki, Reuters reported.

23andMe did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 0.2900, Change: -0.05, Percent Change: -15.01

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