Ancestry.com (ACOM) Shares Volatile on Takeover Rumors
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Shares of Ancestry.com (Nasdaq: ACOM) saw volatility on reports that Permira Advisers LLP resumed talks about a takeover at $32 a share. Previously talks collapsed when they hit a sticking point over the price, with Ancestry.com seeking $38 per share.
The rumors caused the stock’s price to spike, but the move higher was short lived. Shares now traded at $29.60.
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The rumors caused the stock’s price to spike, but the move higher was short lived. Shares now traded at $29.60.
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