IAC Proposes To Acquire Angie's List For $8.75 Per Share - Proposal represents a premium of 50% over the unaffected Angie's List share price and trailing 90 day average trading price- Proposal contemplates either an all cash offer or a stock-for-stock transaction that combines IAC's HomeAdvisor business with Angie's List- IAC expects that a transaction could be consummated expeditiously, with no financing condition

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 $8.75 per 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 disclosure of TCS Capital's...