Seer, Inc.
SEERReporting person: Radoff-JEC Group (Bradley L. Radoff, Michael Torok, The Radoff Family Foundation, JEC II Associates, LLC, The MOS Trust, MOS PTC, LLC, Howard H. Berman, Joshua S. Horowitz, Luis E. Rinaldini)(group)
Radoff-JEC Group proposes $2.25/share acquisition of Seer, Inc. plus CVR
Primary demands
- acquisition at $2.25 per share in cash
- contingent value right for asset sale proceeds
- board representation
- management change
- separation of chair and CEO roles
No advisor data on record for this deal.
Bradley L. Radoff and Michael Torok, collectively owning 7.6% of Seer, Inc., submitted a non-binding acquisition proposal of $2.25 per share in cash plus a contingent value right (CVR) for 80% of net proceeds from asset sales, representing a 33% premium to the closing price. The group also nominated three director candidates and criticized CEO Omid Farokhzad's track record of value destruction across multiple companies. The proposal is not subject to financing conditions and offers a substantial non-performance fee, with a deadline for board response of April 22, 2026.