Seer special committee rejects CEO Farokhzad buyout proposal at $2.45 per share
SEER•Committee says proposal undervalues Seer
The committee concluded the proposal undervalued Seer and did not reflect its long-term growth prospects.
It also found the contingent value rights insufficient to fully capture the company’s growth potential.
Special committee rejects unsolicited buyout bid
Seer’s board special committee rejected an unsolicited, non-binding bid from CEO Omid Farokhzad to buy Class A shares.
The offer terms were $2.45 per share in cash, with two contingent value rights tied to potential future technology-related developments.
