Permira Completes $32/Share Acquisition of Ancestry.com
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Permira, the European private equity firm with global reach, and Ancestry.com Inc. (Nasdaq: ACOM), the world's largest online family history resource, today announced the successful completion of the acquisition of Ancestry.com by a company owned by Permira funds and co-investors for $32.00 per share in cash.
The transaction was approved by stockholders owning approximately 75% of Ancestry.com common stock at a special meeting of stockholders held on December 27, 2012. Pursuant to the terms of the previously announced merger agreement dated October 21, 2012, the investor group formed by the direction of the Permira funds has acquired all of the outstanding shares of Ancestry.com. As a result, Ancestry.com stock will cease trading on the Nasdaq Stock Market effective today.
Stockholders of Ancestry.com will receive a letter of transmittal from Ancestry.com's paying agent for them to complete and return with their stock certificates to obtain their per share merger consideration.
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The transaction was approved by stockholders owning approximately 75% of Ancestry.com common stock at a special meeting of stockholders held on December 27, 2012. Pursuant to the terms of the previously announced merger agreement dated October 21, 2012, the investor group formed by the direction of the Permira funds has acquired all of the outstanding shares of Ancestry.com. As a result, Ancestry.com stock will cease trading on the Nasdaq Stock Market effective today.
Stockholders of Ancestry.com will receive a letter of transmittal from Ancestry.com's paying agent for them to complete and return with their stock certificates to obtain their per share merger consideration.
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