Recent

% | $
Quotes you view appear here for quick access.

Ancestry.com Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • siebejj siebejj Oct 22, 2012 10:07 AM Flag

    Sold to Permira for $32 a Share

    This is actually GREAT NEWS that ACOM was bought out by an "investment firm". All that means is that in about 1 year, Permira will turn it for a large profit, possibly selling their stake in the $50 range. Investment firms historically make bids like this when they see large upside potential in the "short term". Just hold your shares for 12 months, or in fact "Buy More", and you will make out like a bandit!! PATIENCE IS A VIRTUE!! (Also can be very profitable) ;)

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • We can't hold onto our shares if a majority votes in favor of the buyout.
      Our shares will be canceled and $32 dollars per share will be deposited into our accounts.
      The bandits are the jerks at ACOM who will keep their interest in the company after Permira takes it over.
      Contact the Law firm that is challenging this deal.