The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Angie’s List Inc (NASDAQ:ANGI), is ongoing concerning whether a potential takeover of Angie’s List Inc would be unfair.
Investors who purchased shares of Angie’s List Inc (NASDAQ:ANGI) and currently hold any of those NASDAQ:ANGI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm is at an early stage and concerns whether a takeover would be unfair to NASDAQ:ANGI investors.
On September 30, 2014, rumors surfaced that Angie’s List Inc held conversations with prospective buyers but an Angie’s List Inc spokeswoman reportedly said the company had no comment because it does not respond to “rumors.
However, the investigation by a law firm concerns whether the Angie’s List Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders’ best interests in connection with the proposed sale.
Angie’s List Inc reported that its annual Total Revenue rose from $155.80 million in 2012 to $245.64 million in 2013 and that its respective Net Loss declined from $52.89 million to $32.99 million.
Shares of Angie’s List Inc (NASDAQ:ANGI) reached as high as $28.00 per share in July 2013 and at least one analyst has set the high target price for NASDAQ:ANGI shares at $26.00 per share.
On October 20, 2014, NASDAQ:ANGI shares closed at 8.68 per share.
Those who are current investors in Angie’s List Inc shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com