Angie's List Reaches One-Year High After IAC Makes Bid

Angie’s List Inc. climbed to a one-year high after IAC/InterActiveCorp offered to buy the consumer-review website for $8.75 a share in cash in an effort to expand its stable of online businesses, including Angie’s List rival HomeAdvisor. IAC’s offer, a deal rebuffed last month by the Angie’s List board, represents a 10 percent premium to Angie’s List’s closing price Wednesday of $7.92. The bid values Angie’s List at about $512 million based on the company’s outstanding...