Seer (SEER) said late Thursday it has received an unsolicited, non-binding proposal from Omid Farokhzad, its chair and chief executive officer, to acquire all outstanding class A shares for $2.45 per share in cash plus two separate contingent value rights.

Its board will establish a special committee of independent directors to evaluate the proposal and other alternatives available to Seer, and determine the best course of action, the company said.

The special committee will engage independent financial and legal advisors to assist it with its review, the company added.