After the Bell-IAC surges after court rules for Diller

Fri Mar 28, 2008 10:13pm GMT
 
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NEW YORK, March 28 (Reuters) - Shares of IAC/Interactivecorp (IACI.O) rose 8.3 percent to $22.20 in extended trade on Friday after a Delaware court ruled in favor of its Chief Executive Barry Diller in a legal dispute with controlling shareholder Liberty Media Corp.

The ruling paves the way for Diller to proceed with a proposed spin-off of four company units.

 

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