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Angie's List Combination with IAC's HomeAdvisor Synergy Valuations

Tuesday, 09 May 2017 08:00 AM

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NEW YORK, NY / ACCESSWIRE / May 9, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies is issuing a comprehensive report with no obligation on Angie's List, Inc. (NASDAQ: ANGI), a consumer review platform and marketplace for home services professionals.

On May 1, 2017, the company announced that it had reached an agreement to merge with HomeAdvisor, a division of IAC/InterActiveCorp. Angie's and HomeAdvisor will form a new publicly traded company, ANGI Homeservices Inc. The combined business will maintain both the Angie's List and HomeAdvisor brands. According to the terms of the transaction, shareholders of Angie's may elect to receive either one share of ANGI Homeservices Class A common stock or $8.50 in cash. The cap on cash payments is $130 million and will be prorated based on ownership. Post-transaction, shareholders of Angie's will own between 10 and 13 percent of the new company's equity, depending on the number of cash elections.

The merger's synergy valuation and a financial review: READ MORE

Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/angis-list/.

It is estimated that 90% of consumer decisions about home service professionals are made without online searches, creating a significant potential for growth in the combined companies. Evidence suggests that both homeowners and service providers are migrating to online platforms, and improvements in technology are improving the experience for both sides. The primary business case for the combination is to leverage Angie's brand, traffic, and audience to accelerate the growth of the HomeAdvisor service platform. IAC believes that it could begin to monetize Angie's traffic almost immediately by integrating new search functions to the existing site.

Our full report has details of the merger and the impact of a combined company: READ MORE

Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/angis-list/.

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SOURCE: Traders News Source

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