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IAC Proposes To Acquire Angie's List For $8.75 Per Share (IAC/InterActiveCorp)

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(Source: IAC/InterActiveCorp) NEW YORK, Nov. 11, 2015/PRNewswire/ -- IAC/InterActiveCorp (Nasdaq: IACI) today announced that it has proposed to acquire all of the outstanding shares of Angie's List, Inc. (Nasdaq: ANGI) common stock for $8.75per share. The transaction proposed to the Angie's List Board of Directors would be structured as an all-cash deal; however, IAC has 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 IAC all-cash proposal represents a premium of greater than 50% over the unaffected price of Angie's List common stock as of October 12, 2015, the day immediately preceding...

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