23andMe Receives Preliminary Non-Binding Proposal From CEO Anne Wojcicki To Acquire All Outstanding Shares Not Owned By Her Or Affiliates For $0.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
23andMe has received a preliminary non-binding proposal from CEO Anne Wojcicki to acquire all outstanding shares not owned by her or her affiliates for $0.40 per share. A special committee is reviewing the proposal with Wells Fargo as the financial advisor and Dechert LLP as the legal advisor.
August 01, 2024 | 12:02 pm
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23andMe has received a buyout proposal from CEO Anne Wojcicki to acquire all outstanding shares not owned by her or her affiliates for $0.40 per share. The proposal is under review by a special committee with Wells Fargo and Dechert LLP advising.
The buyout proposal from the CEO is likely to positively impact the stock price in the short term as it indicates a potential acquisition at a premium. The involvement of reputable advisors like Wells Fargo and Dechert LLP adds credibility to the proposal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100