Angie's List (ANGI) Stock Continues to Climb After Acquisition Offer
NEW YORK (TheStreet) -- Angie's List (ANGI) - Get Report shares are up by 9.25% to $9.80 in afternoon trading on Friday, as the company continues to benefit from reports that the online retail review site received a buyout offer from IAC/InterActiveCorp (IACI).
The media and internet company which owns Investopedia offered to acquire all of Angie's List's outstanding stock for $8.75 per share.
The deal values Angie's List at about $512 million.
IAC said that it made the bid public after Angie's List failed to engage in dialogue with the company.
Angie's List stock shot up over 10% in Thursday's session after the news of the bid went public.
TheStreet has further coverage of the bid here.
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