The following excerpt is from the August 23, 2012 edition of investors.com:
Ancestry.com (ACOM) saw its shares rise nearly 3% Thursday on reports that the family history service is entertaining buyout offers.
Ancestry rejected bids earlier this month from Permira Advisers and TPG Capital as too low, and those private equity firms are now considering whether to increase their offers for the company, Reuters reported Thursday. One bid was for $35 a share, Bloomberg reported. In late afternoon trading, Ancestry, the leading online genealogy research service, was trading at 31.04.
