Angie's List Says Carefully Reviews And Evaluates IAC's Proposal

(RTTNews) - Angie's List (ANGI) confirmed that it has received an unsolicited proposal from IAC/InterActiveCorp (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, in consultation with its independent financial and legal advisors, will carefully review and evaluate IAC's proposal to determine the course of action that the Board believes is in the best interest of the Company and all Angie's List shareholders.

Angie's List shareholders need take no action at this time.

ANGI closed Wednesday trading at $7.92, up $0.08 or 1.02%. In after hours, the stock further gained $8.80, up $0.88 or 11.11%.