Yelp jumps after TCS Capital calls on company to explore strategic options

Angi

23/05/2023 12:34

** Business review website Yelp Inc's  YELP.N  shares up
11.3% at $36.18 premarket 
    ** Activist investor TCS Capital Management said it was
urging YELP to explore strategic options
    ** TCS Capital says YELP should explore a tax-free merger
with home services company Angi Inc  ANGI.O 
    ** ANGI shares up 4.7%
    ** TCS Capital owns more than 4% of outstanding shares of
YELP's common stock
    ** As of last close, YELP up ~19% YTD

 (Reporting by Vansh Agarwal in Bengaluru)
 ((Vansh.Agarwal@thomsonreuters.com))