Ancestry Shares Rise on Rumors of Potential Buy-out

The following excerpt is from the August 23, 2012 edition of investors.com:

Ancestry.com (ACOM) saw its shares rise nearly 3% Thursday on reports that the family history service is entertaining buyout offers.

Ancestry rejected bids earlier this month from Permira Advisers and TPG Capital as too low, and those private equity firms are now considering whether to increase their offers for the company, Reuters reported Thursday. One bid was for $35 a share, Bloomberg reported. In late afternoon trading, Ancestry, the leading online genealogy research service, was trading at 31.04.

Read the full article.

About Leland Meitzler

Leland K. Meitzler founded Heritage Quest in 1985, and has worked as Managing Editor of both Heritage Quest Magazine and The Genealogical Helper. He currently operates Family Roots Publishing Company (www.FamilyRootsPublishing.com), writes daily at GenealogyBlog.com, writes the weekly Genealogy Newsline, conducts the annual Salt Lake Christmas Tour to the Family History Library, and speaks nationally, having given over 2000 lectures since 1983.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Time limit is exhausted. Please reload the CAPTCHA.