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Ancestry.com Inc. (ACOM) Finished Sharply Higher After Merger Announcement

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

A company owned by the Permira funds and co-investors has entered into a definitive merger agreement to acquire Ancestry.com Inc. (ACOM) for $32.00 per share in cash in a transaction valued at $1.6 billion. The transaction is expected to close in early 2013.

Ancestry.com gapped open sharply higher Monday, but traded in a narrow range throughout the session. The stock closed up by 2.26 at $31.44 on the highest volume of the year. Ancestry.com rose to nearly a 3-week high and re-crossed its 50-day moving average.

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