Seer's special committee rejects two unsolicited acquisition proposals
The committee unanimously rejected both proposals, one at $2.55 per share and one at $2.45 per share, each in cash plus contingent value rights.
GetSignal Seer Inc - Class A SEER
On October 29, 2026, the Special Committee of Seer's Board of Directors concluded its review process and decided to reject two unsolicited acquisition proposals made to Seer. Seer said the decision ends the committee's review.
On July 28, 2026, Bradley L. Radoff and Michael Torok, together with certain of their affiliates, submitted a non-binding proposal to acquire all outstanding Class A common stock for $2.55 per share in cash plus a contingent value right.
On July 29, 2026, Chair and Chief Executive Officer Omid Farokhzad, M.D., submitted a non-binding proposal to acquire all outstanding Class A common stock for $2.45 per share in cash plus two separate contingent value rights.
Independent directors Meeta Gulyani and Nicolas Roelofs, Ph.D., the Special Committee members, said the committee spent three months evaluating the proposals and other strategic alternatives with its legal and financial advisors.
Key facts
- Decision date
- October 29, 2026
- First proposal
- $2.55 per share in cash plus a contingent value right, submitted July 28, 2026
- Second proposal
- $2.45 per share in cash plus two separate contingent value rights, submitted July 29, 2026
- Committee vote
- Unanimous rejection of both proposals
Sources: Form 8-K filed October 29, 2026, and the company's release on GlobeNewswire, October 29, 2026.
Written by GetSignal with AI from the company's press release.
Not investment advice.
