Closing Set For Angie's List Acquisition
INDIANAPOLIS - Indianapolis-based Angie's List Inc. (Nasdaq: ANGI) says September 29 will be final shareholder vote on its proposed sale to the New York-based parent of HomeAdvisor. IAC (Nasdaq: IAC) is offering $8.50 per share or up to $130 million for the online home services website. The resulting company will be called ANGI Homeservices Inc. and be based out of the HomeAdvisor headquarters in Golden, Colorado.
In a filing with the U.S. Securities and Exchange Commission, the company says the Angie's List name will survive as an ANGI Homeservices subsidiary. The new company will trade on the Nasdaq exchange under Angie's List's current "ANGI" listing. In May, IAC announced plans to acquire Angie's List and eventually merge it with HomeAdvisor to create ANGI Homeservices.