The Radoff-JEC Group Responds to Chairman and CEO Omid Farokhzad, M.D.’s Proposal to Acquire Seer, Inc.
The Radoff-JEC Group, owning 7.7% of Seer, expressed support for selling the company to the highest bidder and criticized the board for rejecting three prior acquisition proposals while quickly forming a Special Committee for the CEO's offer. The activist group noted that its rejected offer included an identical $2.45 per share cash component but superior contingent value rights compared to the CEO's July 1 proposal.
Key figures
- Deal Value Usd
- $2.45 per share
- Prior proposals count
- 3
- Shareholder ownership percentage
- 7.7%
AI analysis
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