Utah’s business landscape is rich with professionals who have le...Read More
Did you go Skiing this winter?
Spotlight
Martin Plaehn
Spotlight
Karen Sendelback
Legal Briefs
Social Media and Employers: Friends or Enemies?
Money Talk
The Case for HSAs
Economic Insight
Time to Show Up
Lessons Learned
Make a Move
TechKnowledge
In the Lab
EntrepreneurEdge
Rent to Own
Business Trends
Back from the Dead
Executive Living
Artful Inspiration
Features
A Breath of Fresh Air
Features
Worst-Case Scenario
Regional Report
Northern Utah
Focus
Measure Up
Industry Outlook
Travel & Tourism
Players
Players
Ancestry.com (Nasdaq:ACOM) announced that the Ancestry.com stockholders have approved the previously announced merger agreement pursuant to which a company owned by Permira funds and co-investors, will acquire the Company.
Based on the preliminary tabulation of the stockholder vote, approximately 99 percent of the total votes cast, which represents approximately 75 percent of the total shares outstanding of Ancestry.com as of the November 30, 2012 record date, were voted in favor of adopting the merger agreement.
"We are very pleased with the outcome of [the] vote," said Tim Sullivan, president and chief executive officer of Ancestry.com and a member of the Company's Board of Directors. "On behalf of Ancestry.com, I want to thank our stockholders for their support throughout this process. We look forward to closing the merger by year-end."
Qatalyst Partners LP is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is acting as legal counsel to Ancestry.com.
info@utahbusiness.com | 90 South 400 West, Ste 650 Salt Lake City, Utah 84101 | (801) 568-0114
Advertise with Utah Business