23andMe hits record low after CEO's buyback offer

Chrome Holding Co

03/03/2025 15:19

Updates

** Shares of DNA testing firm 23andMe ME.O hit their lowest level on record at $1.43

** ME's CEO Anne Wojcicki offers to buy the remaining stake in the company for $0.41/shr, or about $11 mln

** Wojcicki says private equity firm New Mountain is no longer interested in acquiring ME

** Last month, Wojcicki and New Mountain Capital had offered to take the company private for $2.53 per share, valuing the company at $67.9 million

** Stock has fallen 82% in the past 12 months

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com;))