Barry Diller’s IAC/InterActiveCorp has offered to acquire Angie’s List Inc. for about $512 million in cash.
The $8.75 per share offer of IAC represents a premium of 10.5% to Angie’s stock’s closing price on Wednesday.
IAC said it was also willing to consider a combination of Angie’s List with its HomeAdvisor business through a tax-free stock-for-stock exchange.
The material has been provided by InstaForex Company – www.instaforex.com