Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Ancestry.com Inc. (ACOM)

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ancestry.com Inc. (“Ancestry” or the “Company”) (NASDAQ: ACOM) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to a group led by Europe-based private equity firm Permira in an all-cash deal valued at about $1.6 billion. Under the terms of the proposed transaction, Ancestry’s stockholders will receive $32 in cash per each share of Ancestry they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $45 for Ancestry.