23andMe Rejects CEO’s Takeover Bid of 41 Cents a Share

23andMe ME -6.80%decrease; red down pointing triangle rejected its chief executive’s proposal to buy back the company at 41 cents a share as the struggling company explores strategic alternatives.

Chief Executive Anne Wojcicki on Sunday proposed buying back the DNA-testing company she co-founded for 41 cents a share. That proposal was rejected by the board of directors on Monday.