Judge orders Ancestry.com to disclose more info on Permira deal

WILMINGTON, Del Mon Dec 17, 2012 3:04pm EST

WILMINGTON, Del Dec 17 (Reuters) - A Delaware judge on Monday blocked Ancestry.com Inc's shareholder vote on the sale of the the family-research website for $1.6 billion to private equity firm Permira Investment Advisors pending added details on the sale process.

Ancestry.com shareholders had sued to prevent a vote to approve the deal, arguing the sale was riddled with conflicts, lacked disclosures about the sale process and used legal steps that locked out competing bids.

An attorney for Ancestry.com indicated to the court he anticipated those disclosures would be made in time to allow the shareholder vote on the deal on Dec. 27 as scheduled.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article