IAC is very clever. I believe they will issue shares one for one if ANGI with what ever value the ANGI shares are trading at plus a differential for the other business. By stating it this way basically traders can price the stock as high as they choose, thus all these law suits are almost mute because anyone could now sell at 25 - xx percent above the $8.50 charge. The question is how much kahunas do the buyers have at these prices that the new stock will hold any of these prices - this is ridiculous, will result in big losses for buyers, but I must admit is quite clever.
Where's smoke there's fire...lawsuits forthcoming
Yelp miss might bring this stock back to reality.
OK, as a shareholder you get $8.50 or shares in the new entity which ANGI is like only 10%?
So basically, I would get ~ $8.50 "worth" of new stock if I don't take the cash.
... but when is that stock calculated, ie what date is it calculated on?
If it's based on IAC close on Monday then it's already up.
INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Angie's List, Inc. and Encourages Investors to Contact the Firm for Additional Information
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary dut
why is it trading over 9?
Be happy. Angi scam is a joke of a company.
Wow, people are paying about two dollars extra just to own some Angie at $8.50.
It is amusing that investors are hoping for more money on the merger. The stock is trading at more than 120 x book value and a PE of over 500. It is the IAC shareholders that should refuse the deal at $8.50 a share. Strange world of valuation we live in today.
zarli- I do not understand that either. Seems it should be around 8.35ish. Bought at 8.50 and trading at 9.60 sure seems odd. Maybe the shorts figured they shouldcover, but not to the 9.60. Maybe someone can tell us.
1750 $5 call options traded at $1.10 yesterday? Somebody made a quick $500k...
well its funny you ask, you see...
get out while you can. this stock is a loser.
Just sold company for $8.50 a share......
You guys are out of a Job!
sorry short sellers but sheet happens.
The upside potential for ANGI just got a whole lot more interesting. have you guys heard of awesomeSTO-CKS. i started receiving their allerts and so far i am happy.
The combine company will be like expedia and priceline, changing the way we do home contracting. The market is bigger than the travelling industry and they are the leader. I am very positive on the combined company.