Ancestry.com Sale Investigated by Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed Ancestry.com buyout for shareholders. Ancestry.com ("ACOM")(NasdaqGS: ACOM) announced that it entered into a definitive merger agreement with a company owned by Permira, a European private equity firm, and co-investors in a deal valued at $1.6 billion. Under the terms of the transaction, ACOM shareholders will receive $32.00 in cash for each share of ACOM common stock owned, well below at least one analyst's estimated value of $45.00 per share.
There is no cost or fee for you to join the action. If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com.
Shareholder rights attorney Willie Briscoe stated that "our investigation relates to the fairness of the proposed price for ACOM shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders." Notably, according to analysts with Yahoo! Finance, the true inherent value of ACOM could be as high as $45.00 per share, well above the proposed transaction price. "The proposed lawsuit will seek to obtain the highest possible price for each share of ACOM stock owned."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a Dallas litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
KEYWORDS: United States North America Texas
The article Ancestry.com Sale Investigated by Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.