Shares of DNA testing giant 23andMe (ME) are set to open around $1 Monday morning after the company filed for Chapter 11 bankruptcy, and announced the resignation of its CEO on Sunday. 23andMe ...

The bankruptcy follows the Special Committee’s rejection of the final non-binding acquisition proposal made by 23andMe CEO and co-founder Anne Wojcicki and certain of her affiliates on March 10.

23andMe filed for bankruptcy late Sunday night and announced the resignation of its chief executive, capping a precipitous fall for the DNA-testing company. CEO Anne Wojcicki, who is stepping down ...

In September, all seven of the company’s independent directors resigned en masse, citing their frustration with the CEO’s “strategic direction” and efforts to take 23andMe private.

is also stepping down as CEO effective immediately, the company said — but will remain on the 23andMe board. Her resignation comes just weeks after a board committee rejected a nonbinding ...

Photo: Peter DaSilva/Reuters 23andMe filed for bankruptcy late Sunday night and announced the resignation of its chief executive, capping a precipitous fall for the DNA-testing company.

Gene testing firm 23andMe said on Sunday it had filed for Chapter 11 bankruptcy protection in order to facilitate its sale, after years of struggling to find a sustainable business model.In a ...