AcquisitionsMay 22, 2026, 08:17 AM
Seer Board Unanimously Rejects Radoff-JEC Group's $2.40/Share Acquisition Bid
AI Summary
Seer, Inc.'s Board of Directors unanimously rejected a further revised unsolicited non-binding acquisition proposal from the Radoff-JEC Group. The May 14, 2026 proposal offered $2.40 per share in cash plus a contingent value right. The Board determined the offer significantly undervalues Seer and its long-term growth prospects, noting it was materially similar to a previously rejected proposal and below the company's current cash value.
Key Highlights
- Seer's Board unanimously rejected the Radoff-JEC Group's revised acquisition proposal.
- The unsolicited non-binding proposal was received on May 14, 2026.
- The offer was $2.40 per share in cash plus a contingent value right.
- The Board determined the proposal significantly undervalues Seer and its growth prospects.
- The offer implies an equity value below Seer's current cash, cash equivalents, and investments.
- The proposal was materially similar to one previously rejected on April 27, 2026.
- Perella Weinberg Partners LP and Wilson Sonsini Goodrich & Rosati are advising Seer.
Price Impact
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