Member access

4-Traders Homepage  >  Shares  >  Nasdaq  > Inc    ACOM   US0328031085


SummaryNewsAnalysisCalendarCompanyFinancials Inc : Management Buyout of - Law Firm Seeks More Money and Information for Shareholders

10/22/2012 | 09:05am US/Eastern

NEW YORK, Oct. 22, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the acquisition of (Nasdaq: ACOM). and Permira, the European private equity firm, announced that a company owned by the Permira funds and co-investors has entered into a definitive merger agreement to acquire for $32.00 per share in cash in a transaction valued at $1.6 billion. Tim Sullivan,'s President and Chief Executive Officer, and Howard Hochhauser,'s Chief Financial Officer and Chief Operating Officer, will maintain a majority of their equity stakes in the company as part of the transaction. Spectrum Equity will also remain an investor in the company. Affiliates of Spectrum Equity, which together own approximately 30% of the company's outstanding shares, have agreed to vote their shares in favor of the merger.

The investigation concerns whether Messrs. Sullivan and Hochhauser and the board of directors of breached their fiduciary duties in allowing them to acquire the company for themselves for an unfairly low price and through an unfair process. Indeed, analysts have projected the company's true inherent value is worth at least $45 per share.

If you are a shareholder of and would like additional information concerning this matter and your rights as a shareholder, please contact us toll free at 877-772-3975 or email at

Tripp Levy PLLC is a leading national law firm and has recovered millions of dollars for shareholders in similar actions around the globe. Attorney advertising - prior results do not guarantee a similar outcome.

Tripp Levy PLLC


Recommend :
React to this article
Latest news on ANCESTRY.COM INC
2012 ANCESTRY.COM INC : Announces Stockholder Approval of Acquisition by..
2012 ANCESTRY.COM INC : ISS Recommends Vote "FOR" Acquisition of by Perm..
2012 ANCESTRY.COM INC : Photo Release -- Launches New Web Site Newspaper..
2012 ANCESTRY.COM INC : "Baby, Baby, Baby" - Reveals Justin Bieber, Ryan..
2012 ANCESTRY.COM INC : Law Office of Brodsky & Smith, LLC Announces Investigation of..
2012 ANCESTRY.COM INC : Glancy Binkow & Goldberg LLP Announces Continued Investigatio..
2012 ANCESTRY.COM INC : Law Office of Brodsky & Smith, LLC Announces Investigation of..
2012 ANCESTRY.COM INC : Inc. Reports Q3 2012 Financial Results
2012 ANCESTRY.COM INC : Law Offices of Howard G. Smith Announces Investigation of Anc..
2012 ANCESTRY.COM INC : Robbins Umeda LLP Announces an Investigation of
Dynamic quotes