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Julian Klymochko Praises 23andMe Board’s “Phenomenal” Defense Strategy as Model Response to Shareholder-Hostile Takeover Attempts
On June 5, Julian Klymochko called the 23andMe board’s strategy during its bankruptcy “a phenomenal job” and “a masterclass.” The CEO of Accelerate Financial Technologies highlighted how the board handled a “coercive and shareholder-unfriendly bid.” Klymochko said this case will likely become a benchmark in boardroom strategy studies. His remarks come after former CEO Anne Wojcicki returned with a $305 million bid, triggering a second auction. T…
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