Ancestry.com shareholders to get more buyout info

Published



WILMINGTON, Del. (AP) — A Delaware judge on Monday declined to delay a Dec. 27 stockholder vote on the $1.6 billion acquisition of genealogy website Ancestry.com by a group led by European private equity firm Permira Advisers. But he ordered that shareholders be given more information before they vote.

Chancellor Leo Strine Jr. ordered that Ancestry.com shareholders be told about the reluctance of the company’s financial adviser to issue an opinion on the fairness of the deal based on May financial projections.

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