Law Office of Brodsky & Smith, LLC Announces Investigation of Ancestry.com,
BALA CYNWYD, Pa. -- November 03, 2012
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Ancestry.com, Inc.
(“Ancestry” or the “Company”) (Nasdaq: ACOM) relating to the proposed
acquisition by Permira Funds. (“Permira”).
Under the terms of the transaction, Ancestry shareholders will receive only
$32.00 in cash for each share of Ancestry stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of Ancestry for not acting in the Company’s
shareholders' best interests in connection with the sale process to Permira.
The transaction may undervalue the Company and result in a substantial loss
for many Ancestry shareholders. For example Ancestry stock traded at $44.70 on
July 19, 2011 and an analyst has set a price target for Ancestry stock at
$45.00 per share.
If you own shares of Ancestry stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/490-acom-ancestrycom-inc.html, by calling toll free
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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