Angie’s List Rejects $512 Million Takeover by IAC

Associated Press: Angie’s List said that its board has rejected a $512 million takeover deal from IAC/InterActiveCorp. The home services review site said last week’s deal “dramatically undervalues” the company. IAC offered $8.75 for each share of Angie’s List, which was a 10 percent premium on the stock at the time. Angie’s List said it has a plan to grow its profit and said a deal with IAC will not benefit shareholders.