News / Utah / secondary offering priced secondary offering priced

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PROVO, Utah (AP) --, a family history web site, said Friday that a secondary offering of about 3.8 million shares of common stock was priced at $26 per share, a 2 percent discount to their latest close.

The selling stockholders are giving the underwriters a 30-day option to buy up to an additional 569,393 shares to cover excess demand.

Shares of fell 25 cents to $16.25 in pre-market trading Friday.

Morgan Stanley and Bank of America Merrill Lynch are acting as joint book-running managers and representatives of the underwriters. Citi, Jefferies & Co. and Piper Jaffray are serving as co-managers.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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