23andMe Special Committee Responds To CEO's Take-Private Proposal, Says 'In the absence of a revised offer at a more appropriate price per share that meets the other requirements set forth above, we will pursue other alternatives in striving to maximize value for all shareholders.'
Portfolio Pulse from Benzinga Newsdesk
23andMe's Special Committee has responded to the CEO's take-private proposal, stating that they will consider other alternatives to maximize shareholder value if a revised offer with a more appropriate price per share is not presented.
August 02, 2024 | 12:08 pm
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23andMe's Special Committee has responded to the CEO's take-private proposal, indicating they will consider other alternatives to maximize shareholder value if a revised offer with a more appropriate price per share is not presented.
The response from the Special Committee suggests that the current offer is not satisfactory and that they are open to other options to maximize shareholder value. This could lead to uncertainty in the short term as investors await further developments.
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