Wednesday, IAC/InterActiveCorp. (IACI), an interactive commerce company, announced that it has extended the consent time and the expiration time for its previously announced cash tender offer for any and all of its outstanding 7% senior notes due 2013 and related consent solicitation to amend the indenture governing the notes.
The New York-based company said that it has extended the consent time of the notes to July 23 from July 9. The company has also extended the expiration date to August 6 from July 23
IAC also has extended the price determination date from July 9 to July 23. The company further noted that note holders who have previously tendered notes need not retender their Notes or take any other action in response to these extensions. Except for the extension of the consent time, expiration time and price determination date, the tender offer and consent solicitation and the offer to purchase and related letter of transmittal and consent remain in full force and effect.
Morgan Stanley & Co., Inc. is acting as the dealer manager for the tender offer and the Solicitation Agent for the consent solicitation.
IACI is currently trading at $17.67, down $0.71 or 3.86%.
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