Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of Ancestry.com

ATLANTA--(BUSINESS WIRE)--Holzer Holzer & Fistel, LLC is investigating whether the directors of Ancestry.com (the “Company”) (NASDAQ: ACOM) complied with their fiduciary duties in approving the proposed acquisition of the Company by Spectrum Equity Investors V, L.P., a subsidiary of Permira Funds Partners. According to the Company’s announcement, if the deal closes Ancestry.com shareholders will be cashed out of their investment for $32 per share for each share of ACOM owned, but the Company’s CEO and President, Tim Sullivan, and its Chief Financial and Operating Officer, Howard Hochhauser, will maintain an equity ownership interest. The firm’s investigation seeks to determine, among other things, whether the consideration to be paid to Ancestry.com shareholders is fair and adequate.