BUZZ- 23andMe falls on CEO's buyback offer

Reuters

03-03

BUZZ- 23andMe falls on CEO's buyback offer

** Shares of DNA testing firm 23andMe ME.O fall 31.4% to $2.2 premarket

** ME's CEO Anne Wojcicki offers to buy the remaining stake in the company for $0.41/shr, or about $11 mln

** Wojcicki says private equity firm New Mountain is no longer interested in acquiring ME

** Last month, Wojcicki and New Mountain Capital had offered to take the company private for $2.53 per share, valuing the company at $67.9 million

** Stock has fallen 82% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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