Seer Receives Unsolicited Bid From CEO Farokhzad; Stock Climbs 40% In Afterhours

Corporate Action
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Seer, Inc. announced receipt of an unsolicited, non-binding acquisition proposal from its CEO and Chair Omid Farokhzad. Farokhzad offered to purchase all outstanding Class A shares at $2.45 per share in cash, plus two separate contingent value rights. The company intends to assemble a Special Committee of independent directors to evaluate the offer. SEER closed Thursday at $1.62, down 0.61%, but rose 41.98% to $2.30 in afterhours trading.

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CEO made unsolicited acquisition proposal at $2.45/share, a premium to the closing price, driving stock up 42% afterhours.

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