Seer board rejects CEO's $2.45-per-share buyout offer

Seer, Inc. (Nasdaq: SEER) announced that a special committee of its board of directors has unanimously rejected an unsolicited, non-binding acquisition proposal submitted by the company's own Chair and Chief Executive Officer, Omid Farokhzad, M.D.

The proposal, received on July 1, 2026, offered $2.45 per share in cash for all outstanding shares of Seer's Class A common stock, along with two separate contingent value rights designed to allow stockholders to benefit from future developments related to the company's technology.

The special committee, composed of independent directors Meeta Gulyani and Nicolas Roelofs, Ph.D., reviewed the proposal in consultation with independent advisors before reaching its decision. The committee determined the offer is not in the best interests of stockholders, stating that it undervalues the company and does not reflect the value of Seer's long-term growth prospects.

The committee specifically noted that the contingent value rights included in the proposal were insufficient to fully account for Seer's value and growth potential.

The information in this article is based on a press release issued by Seer, Inc.

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