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HomeAdvisor and Angie's List to merge into a company with 2 brands

from Remodeling Magazine

IAC's Home Advisor effectively acquired Angie's List in a deal that will create a new publicly traded business called ANGI Homeservices Inc. that will maintain both companies' brands. The deal's terms call for Angie's List stockholders to get either one share of Class A common stock of ANGI Homeservices or $8.50 in cash per share, with the total amount of cash distributed to be capped at $130 million. more

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