23andMe Board On Mar. 28 Formed Special Committee To Review Strategic Alternatives For Maximizing Shareholder Value; On Apr. 18 Announced CEO Anne Wojcicki Considering Proposal To Acquire Remaining Outstanding Shares; Says In Light Of Review, Not Providing Guidance
Portfolio Pulse from Benzinga Newsdesk
23andMe's board has formed a special committee to review strategic alternatives for maximizing shareholder value. CEO Anne Wojcicki is considering a proposal to acquire the remaining outstanding shares. The company will not provide guidance during this review.
May 23, 2024 | 8:11 pm
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23andMe's board has formed a special committee to explore strategic alternatives, including a proposal from CEO Anne Wojcicki to acquire the remaining outstanding shares. The company will not provide guidance during this review period.
The formation of a special committee to explore strategic alternatives and the potential acquisition of remaining shares by the CEO are significant events that could positively impact the stock price. The lack of guidance during this period may introduce some uncertainty, but the overall news is likely to be viewed positively by investors.
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