23andMe CEO Recasts Take-Private Bid With New Mountain (Correct)

23andMe Holding Co. co-founder Anne Wojcicki refreshed her take-private offer for the genetic testing company with backing from New Mountain Capital.

Wojcicki, who’s also the company’s chief executive officer, and the private equity firm offered $2.53 a share, according to a letter to a special committee of 23andMe’s board that was contained in a Feb. 21 filing after US markets closed. The offer values the company at $74.7 million, according to the letter dated Feb. 20.

The company’s shares closed at $2.42 on Feb. 21. They fell 1.7% at 12:02 p.m. in New York on Monday.

23andMe declined to ...