HomeAway (AWAY) Tops Q3 EPS by 3c, to be Acquired by Expedia, Inc. (EXPE)

HomeAway (NASDAQ: AWAY) reported Q3 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $130.7 million versus the consensus estimate of $130.3 million.

The company also announced that it has entered into a definitive agreement under which Expedia, Inc. (NASDAQ: EXPE) has agreed to acquire HomeAway®, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31, based on Expedia's closing price on November 3, 2015. Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock. Under the terms of the transaction, Expedia will acquire each outstanding share of common stock of HomeAway through a tender offer, followed by a second-step merger.

For earnings history and earnings-related data on HomeAway (AWAY) click here.

You May Also Be Interested In

• IBM (IBM) to Acquire HashiCorp (HCP) for $35/sh Cash or $6.4B
• Nanometrics (NANO) Issues Business Update, Reports FY23 Results
• EQT Corp. (EQT) PT Lowered to $46 at Wolfe Research