Angie's List (Nasdaq: ANGI) today confirmed that it has received an unsolicited proposal from IAC/InterActiveCorp (Nasdaq: IACI) to acquire the Company for $8.75 per share in cash. IAC has also indicated its willingness to consider a combination of Angie's List with IAC's HomeAdvisor business through a tax-free stock-for-stock exchange. The Angie’s List Board of Directors and management team are committed to acting in the best interests of all Angie’s List shareholders. Consistent with its fiduciary duties, the Angie’s List Board, in consultation with its independent...
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