(Reuters) – Genetic testing agency 23andMe Chief Govt Officer Anne Wojcicki would not be open to contemplating third-party takeover proposals for the corporate, a regulatory submitting confirmed on Monday.
“It has turn out to be even clearer to me that the most effective path ahead for the (firm) is for me to take the corporate non-public,” Wojcicki mentioned.
Wojcicki had mentioned earlier this month she would contemplate third-party takeover proposals whereas persevering with to guage and negotiate a deal.
In July, the CEO and co-founder proposed to amass all excellent shares of the agency not already owned by her or her associates for $0.40 every.
The impartial administrators of the corporate resigned earlier this month saying that they had not acquired a passable take-private provide in the most effective pursuits of the non-affiliated shareholders.
23andMe, which supplies DNA testing that helps customers study extra about their ancestry, went public in 2021.
