After-Hours Movers Led By Angie's List, Pepeye's And Freshpet

Shares of Angie's List Inc ANGI were trading up more than 11 percent on Wednesday’s after-hours session after IAC/InterActiveCorp IACI proposed to acquire the company for $8.75 per share, in cash. However, a PRNewswire added, IAC has indicated it is also willing to consider “a combination of Angie's List with IAC's HomeAdvisor business through a tax-free stock-for-stock exchange.”

Joey Levin, CEO of IAC/InterActiveCorp stated, “The combination of the Angie's List brand, highly trafficked website and its network of paying service professionals with our HomeAdvisor business, the category leader which has seen eight consecutive quarters of accelerating growth in its core U.S. business, would cement our position as the premier home services platform.”

Shares of IAC were also trading slightly up on Wednesday’s after-hours trading session.

Popeyes Louisiana Kitchen Inc PLKI also rose about 5.5 percent since the bell rang. The surge followed the announcement of the company’s third quarter financial results. The small-cap quick-service restaurants operator reported earnings of $0.47 per share on revenue of $61.1 million, beating the Street’s consensus estimate on the earnings front (consensus stood at $0.44 per share), but missing expectations on the revenue front – consensus was $61.43 million.

Opposite was the case for Freshpet Inc FRPT, which lost more than 14 percent –on its earnings report- since the market closed. The pet food company said it had a net loss of ($0.05) per share on revenue of $30.6 million, almost in line with Zacks Investment Research’s consensus.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.