IAC (IAC) and Angi (ANGI) announced the successful completion of the spin-off of IAC’s full ownership stake in Angi. As a result of the spin-off, IAC’s former interest in Angi is now held directly by IAC’s shareholders, and Angi is an independent, publicly traded company. April 1 also marks Joey Levin’s transition from IAC CEO. Effective on the spin-off, Levin became Executive Chairman of Angi, where, as senior executive, he will work in partnership with Angi CEO Jeff Kip and the Angi senior management team to accomplish the company’s strategic objectives. Levin will remain an advisor to IAC.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAC:
- Four new option listings and six option delistings on April 1st
- IAC/InteractiveCorp. Announces Spin-Off of Angi Inc.
- Angi Inc. to replace ODP Corporation in S&P 600 at open on 4/2
- ‘Don’t Dismiss 2025 Yet’: J.P. Morgan Selects 2 Stocks to Buy for the Months Ahead
- FedEx downgraded, Adobe upgraded: Wall Street’s top analyst calls
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue