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Ancestry.com (Nasdaq:ACOM) announced that the Ancestry.com stockholders have approved the previously announced merger agreement pursuant to which a company owned by Permira funds and co-investors, will acquire the Company.
Based on the preliminary tabulation of the stockholder vote, approximately 99 percent of the total votes cast, which represents approximately 75 percent of the total shares outstanding of Ancestry.com as of the November 30, 2012 record date, were voted in favor of adopting the merger agreement.
"We are very pleased with the outcome of [the] vote," said Tim Sullivan, president and chief executive officer of Ancestry.com and a member of the Company's Board of Directors. "On behalf of Ancestry.com, I want to thank our stockholders for their support throughout this process. We look forward to closing the merger by year-end."
Qatalyst Partners LP is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is acting as legal counsel to Ancestry.com.