-- Seer (SEER) confirmed on Monday that it has received a non-binding and unsolicited offer from its shareholder Radoff-JEC Group to acquire all its outstanding Class A shares for $2.25 per share in cash plus a contingent value right.
Seer said its board will engage independent financial and legal advisers to thoroughly review the proposal and determine an outcome that is in the best interests of the company and all stockholders.
Radoff-JEC Group has nominated three director candidates to stand for board elections at Seer's 2026 annual meeting of stockholders, the company added.
The board will present its formal recommendation about Radoff-JEC Group's director nominations in Seer's definitive proxy statement, the company said.
Seer shares were more than 13% higher in Monday afternoon trading.
Price: $1.92, Change: $+0.23, Percent Change: +13.31%