23andMe CEO Wojcicki open to third-party acquisition proposals for company, filing shows By Reuters

(Reuters) – Anne Wojcicki, co-founder and CEO of 23andMe, is open to third-party acquisitions, a regulatory filing showed on Wednesday.

Shares of the genetic testing company rose 2.8% to $0.31 in extended trading.

In July, Wojcicki, who wants to take the company private, proposed acquiring all outstanding shares of 23andMe not owned by her or its affiliates for $0.40 per share.

The document also states that the CEO is still evaluating and negotiating a deal.

A special committee set up by the company rejected Wojcicki’s earlier proposal, saying it was insufficient and not in the interests of non-affiliated shareholders.

The commission said last month that other alternatives would be explored to maximize shareholder value unless a revised offer is made.

23andMe, best known for its saliva testing kits that give users insight into their genetic ancestry, went public in 2021.