Ancestry.Com, Sirius, Apple: Tech Premarket
NEW YORK (
) --
Ancestry.com
(ACOM)
was the major gainer in premarket trading on Monday after the genealogy Web site announced a $1.6 billion deal to be acquired by
Permira Funds
.
Shares of the Provo, Utah-based firm rose 8.12% to $31.55 in premarket trading on share volume of 644,818.
"This is a successful outcome for our public stockholders, and a great day for Ancestry.com employees and subscribers around the world," said Ancestry.com CEO Tim Sullivan, in a statement. "We're excited that Permira shares our commitment to keep investing in our technology and product experience to make family history easy and accessible for more and more families around the world. Their strong investment track record in the technology and Internet sectors makes them a terrific advisor and partner as we take the company forward."
The transaction, which is expected to close in early 2013, represents a premium of 41% over Ancestry.com's closing share price on June 5.
(FB) - Get Report
, which reports its third-quarter results after market close on Tuesday, gained 1.11% to reach $19.21 on share volume of 278,955.
Sirius XM
(SIRI) - Get Report
was another active premarket Nasdaq stock, climbing 0.68% to $2.94 on share volume of 211,439.
Shares of
Apple
(AAPL) - Get Report
, which is expected to launch the iPad Mini at a
on Tuesday, crept up 0.55% to $613.19 on Monday.
The iPad Mini is rumored to have a 7.85-inch screen, compared to the 9.7-inch screen on the company's current iPad.
(GOOG) - Get Report
, which shocked investors when its third-quarter earnings
hours early last Thursday, dipped 0.17% to $680.64.
TheStreet
will be live-blogging from Apple's press event in San Jose, Calif., starting at 12.30 ET on Tuesday Oct.23.
--Written by James Rogers in New York.
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