Glancy Binkow & Goldberg LLP Announces Continued Investigation of
LOS ANGELES -- October 30, 2012
Glancy Binkow & Goldberg LLP 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 Louis Boyarsky,
Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888)
773-9224 or by email to email@example.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
310-201-9150 or Toll Free: 888-773-9224
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