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(Reuters) – Genetic testing agency 23andMe Chief Government Officer Anne Wojcicki would not be open to contemplating third-party takeover proposals for the corporate, a regulatory submitting confirmed on Monday.
“It has change into even clearer to me that the most effective path ahead for the (firm) is for me to take the corporate personal,” Wojcicki stated.
Wojcicki had stated earlier this month she would think about 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 impartial administrators of the corporate resigned earlier this month saying that they had not obtained a passable take-private supply in the most effective pursuits of the non-affiliated shareholders.
23andMe, which offers DNA testing that helps customers study extra about their ancestry, went public in 2021.
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