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