23andMe CEO Anne Wojcicki and New Mountain Capital offer to take company private
Feb 21 (Reuters) - Genetic testing firm 23andMe ME.O Chief Executive Officer Anne Wojcicki and investment firm New Mountain Capital have submitted a proposal to take the company private, according to a regulatory filing on Friday.
Both parties have jointly made an offer to buy the company for $2.53 per share, a deal that would value the company at $67.9 million.
Last month, 23andMe had said it was exploring strategic alternatives, including a possible sale, in light of significant doubts about its ability to sustain operations.
Wojcicki, who has been trying to take the company private since April, has faced a tough challenge after independent directors of 23andMe resigned in September, unsatisfied with the take-private offer they received.
In July, the CEO and co-founder proposed buying all outstanding shares of the firm not already owned by her or affiliated entities for 40 cents each.
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