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BRIEF-IAC/Interactive says it has determined not to pursue co's previously announced plan to create a new class of non-voting stock
June 23, 2017 / 9:30 PM / a month ago

BRIEF-IAC/Interactive says it has determined not to pursue co's previously announced plan to create a new class of non-voting stock

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June 23 (Reuters) - IAC/Interactivecorp:

* Says it has determined not to pursue co's previously announced plan to create a new class of non-voting stock

* IAC/interactive Corp - on Dec 15, 2016, IAC stockholders approved a proposed charter amendment to implement the class C recapitalization

* IAC/Interactive Corp - certain stockholders brought suit against co and its directors, challenging proposed charter amendment and seeking an injunction against its execution

* IAC/Interactive Corp says it agreed not to effect the class c recapitalization during the pendency of the litigation Source text: (bit.ly/2sKLyQv) Further company coverage:

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