Notable Mergers and Acquisitions of the Day 11/09: (KYAK)/(PCLN) (ADS) (HWG)
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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
