IAC (IAC) is spinning off its ownership interest in Angi (ANGI) in a transaction expected to be completed on Tuesday, April 1. Post spin-off, IAC will remain in the S&P SmallCap 600.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANGI:
- Upcoming Stock Splits This Week (March 24 to March 28) – Stay Invested
- Angies List trading halted, news pending
- FedEx downgraded, Adobe upgraded: Wall Street’s top analyst calls
- JPMorgan resumes IAC with an Overweight, adds ‘Positive Catalyst Watch’
- Angi Inc.’s Strategic Flexibility Constrained by Tax Agreement Restrictions