IAC/InterActiveCorp (IACI) announced after the bell Wednesday that it has offered to acquire Angie's List Inc. (ANGI) for $8.75 per share. The stock is now up 0.92 on 372K shares.
Angie's List traded in a range for the majority of Wednesday's session and closed up by 0.08 at $7.92. The stock has been on an upward trend since the beginning of October.
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