(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 become even clearer to me that the best path forward for the (company) is for me to take the company private,” Wojcicki mentioned.
Wojcicki had mentioned earlier this month she would take into account 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 they’d not obtained a passable take-private provide in the perfect pursuits of the non-affiliated shareholders.
23andMe, which gives DNA testing that helps customers study extra about their ancestry, went public in 2021.
