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Actionable news in ANGI: Angie's List, Inc.,

Angie's List's stock drops after company rejects IAC's buyout bid

Angie's List Inc.'s stock ANGI, +0.41% dropped 4.8% in premarket trade Tuesday, after the consumer-reviews website said it would not pursue IAC/InterActiveCorp's buyout proposal. The company's board of directors determined it would be "premature" to conclude a deal was in the best interest of shareholders, until it can full evaluate its "profitable growth plan." The...