1. Hedge Funds Lose Court Bid Over Ancestry.com Deal Price

    Hedge Funds Lose Court Bid Over Ancestry.com Deal Price

    By Tom Hals Wilmington, Del. (Reuters) - A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The ruling is a setback for an increasingly popular hedge fund strategy called "appraisal arbitrage," in which investors vote against a proposed deal ...

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