New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2014
09:00 EDTANGIAngie's List falls 18.9%
Angie's List is down 18.9%, or $3.23, to $13.87
News For ANGI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 30, 2015
09:35 EDTANGITCS sees Angie's List trading above $20/share with IAC deal
TCS Capital disclosed that it delivered a letter to Angie's List's Chairman, John Chuang, and the company's board. In the letter, Eric Semler of TCS stated "that while he appreciated the time Mr. Chuang and certain other members of the Board have taken to meet with him to discuss his serious concerns, their discussions have made it clear that the Board has no intention of pursuing a combination with IAC's HomeAdvisor." TCS Capital believes that such a combination would lead Angie's shares to trade at $20 per share or higher. TCS calls on the board to "immediately hire a financial advisor to pursue strategic alternatives, including IAC's public offer." In the letter, Semler declined the Angie's offer to join the board at this time, noting that he prefers to avoid the "onerous standstill provisions that the Board demanded for his appointment to the Board." He also stated in the letter that he will continue to seek to effect change from "outside the boardroom - at least for now." TCS Capital owns 10.7% of Angie's List's outstanding shares.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use