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IAC-owned has set its sights on Europe’s largest dating site, That’s a 11.6 percent increase in value from the closing price of Meetic shares on May 27, 2011 (€13.44) and values the company at nearly 0 million.
Match has put in a public tender offer to acquire all of the outstanding shares of Meetic for €15.00 per outstanding share in cash (that’s .42 in U. actually already owns approximately 27% of the outstanding shares of Meetic, which it obtained when it combined its European businesses with Meetic in 2009.
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The two companies say that Meetic’s executive committee supports the decision.
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