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InsideArbitrage Potential Deal Alert: 23andMe announces CEO’s Intention to Pursue A Potential Take-private

  • April 22, 2024

POTENTIAL DEAL DETAILS

Stock23andMe Holding Co.SymbolME
Date Announced04/18/2024Source Press Release
TypeUnsolicited BidAcquiring Company/Person Anne Wojcicki, Chief Executive Officer, Co-Founder, and Chair

23andMe Holding Co. (ME), a human genetics and biopharmaceutical company, has been made aware that Anne Wojcicki, Chief Executive Officer, Co-Founder, and Chair of the Board of Directors of 23andMe, is considering making a proposal to acquire all of the outstanding shares of 23andMe that she does not currently own, as she stated in an amendment dated April 17, 2024 to her Schedule 13D filing with the Securities and Exchange Commission. 

​Anne Wojcicki owns shares constituting more than 20% of the total outstanding shares, entitling her to approximately 49% of the voting power.

The filing noted that Wojcicki wishes to maintain control of 23andMe and, therefore, will not be willing to support any alternative transaction.

23andMe Holding Co. Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.