Law Offices of Howard G. Smith Announces Investigation of Ancestry.com Inc.

  Law Offices of Howard G. Smith Announces Investigation of Ancestry.com Inc.

Business Wire

BENSALEM, Pa. -- October 24, 2012

Law Offices of Howard G. Smith announces that it is investigating potential
claims against the Board of Directors of Ancestry.com Inc. (“Ancestry.com” or
the “Company”) (NASDAQ: ACOM) related to the proposed acquisition of the
Company by Permira Advisers LLP. The transaction is valued at approximately
$1.6 billion or $32 per share.

This investigation concerns whether the Board of Directors of Ancestry.com
breached their fiduciary duties to stockholders by failing to adequately shop
the Company before agreeing to enter into the proposed transaction, and
whether the Company has disclosed all material information to shareholders
about the transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $20.95 on March 22, 2012 to $33.23 on August
3, 2012. Further, at least one analyst has set a target price for the
Company’s stock at $45.00.

If you are a shareholder of Ancestry.com, if you have information or would
like to learn more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our
website at http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
Toll Free: (888) 638-4847
howardsmith@howardsmithlaw.com
http://www.howardsmithlaw.com
 
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