ValuentumAd

Official PayPal Seal

Private Equity Consortium Said To Be In Talks to Take Ancestry.com Private in Deal Priced in the Mid-to-High $30s

publication date: Jul 24, 2012
 | 
author/source: Valuentum Analysts
Previous | Next
 

According to the NYTimes DealBook, Best Idea Ancestry.com (click ticker for report: ACOM) is in discussions with TPG Capital and Providence Equity Partners and Primera in a deal to go private at a price in the mid-to-high $30s, more than a 45% premium to its Tuesday closing price at the high end of the range. Though we believe Ancestry.com is worth far more than this proposed offer, we were very pleased with the news as the company represents one of the largest holdings in the portfolio of our Best Ideas Newsletter. NYTimes DealBook added, however, that there is no certainty that a transaction will take place. We continue to monitor the situation. Ancestry.com is up 19%+ in after-hours trading.

Disclosures: Brian Nelson has long exposure to ACOM at the time of this writing.

Disclosures regarding 16-page report (January 2012): https://seekingalpha.com/article/317432-why-ancestry-com-is-undervalued


-------------------------------------------------
The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Valuentum Exclusive publication, ESG Newsletter, and any reports, data and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, data or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor, and does not offer brokerage or investment banking services. The sources of the data used on this website and reports are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum, its employees, and independent contractors may have long, short or derivative positions in the securities mentioned on this website. The High Yield Dividend Newsletter portfolio, ESG Newsletter portfolio, Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio are not real money portfolios. Performance, including that in the Valuentum Exclusive publication and additional options commentary feature, is hypothetical and does not represent actual trading. Actual results may differ from simulated information, results, or performance being presented. For more information about Valuentum and the products and services it offers, please contact us at info@valuentum.com.