priceline.com (PCLN) Buys KAYAK Software (KYAK) for $40/Share
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Lazard Capital Downgrades Kayak Software (KYAK) to Neutral
November 12, 2012 7:54 AM ESTLazard Capital downgraded Kayak Software (NASDAQ: KYAK) from Buy to Neutral following recent takeover.
For an analyst ratings summary and ratings history on Kayak Software click here. For more ratings news on Kayak Software click here.
Shares of Kayak Software closed at $39.67 yesterday, with a 52 week range of $26.02-$40.41.... More
Under the Hood of priceline.com's (PCLN) Acquisition of Kayak (KYAK)
November 9, 2012 1:08 PM ESTYesterday's top news story was priceline.com's (Nasdaq: PCLN) acquisition of Kayak (Nasdaq: KYAK) for $40 per share in stock and cash. The deal is expected to close in the first quarter of next year, and it is already having ripple effects on the industry.
For example, shares of competitor Expedia (Nasdaq: EXPE) dropped immediately following the announcement, TripAdvisor (Nasdaq:... More
Pacific Crest Downgrades Kayak Software (KYAK) to Sector Perform
November 9, 2012 10:47 AM ESTPacific Crest downgraded Kayak Software (NASDAQ: KYAK) from Outperform to Sector Perform following the takeover of the company by priceline.com.
For an analyst ratings summary and ratings history on Kayak Software... More
Deutsche Bank Downgrades Kayak Software (KYAK) to Hold after Takeover
November 9, 2012 6:58 AM ESTDeutsche Bank downgraded Kayak Software (NASDAQ: KYAK) from Buy to Hold with a price target of $40.00 following the acquisition by priceline.com.
Commenting on the deal the firm said, "We believe the deal helps KAYAK with two big initiatives: 1) it puts Priceline... More
KAYAK Software (KYAK) resumes trading, shares up over 28%
November 8, 2012 4:39 PM ESTKAYAK Software (NASDAQ: KYAK) resumes trading, shares now up over 28 percent.... More
Expedia (EXPE) Falls at Priceline Scoops Up KAYAK
November 8, 2012 4:28 PM ESTExpedia Inc. (NASDAQ: EXPE) is getting hit after-hours Thursday after rival Priceline.com (NASDAQ: PCLN) announced a definitive agreement to acquire KAYAK (NASDAQ: KYAK) in a stock and cash transaction worth $1.8 billion, or $40 per share.
Shares of EXPE last traded at $55.90, down 3.94 percent.... More
