Under the Hood of priceline.com's (PCLN) Acquisition of Kayak (KYAK)
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Notable Mergers and Acquisitions of the Day 11/09: (KYAK)/(PCLN) (ADS) (HWG)
November 9, 2012 10:13 AM ESTAfter markets closed Thursday, KAYAK Software Corporation (Nasdaq: KYAK) announced that it signed a definitive agreement to be acquired by priceline.com Incorporated (Nasdaq: PCLN) for $40 per share in cash and stock.
The board of directors of both companies approved the transaction, which is subject to KAYAK shareholder approval, customary closing conditions and regulatory approval. Until the transaction is closed, both companies will continue to operate independently.
Alliance Data Systems Corporation (NYSE: ADS) announced that it has reached... 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
priceline.com (PCLN) Buys KAYAK Software (KYAK) for $40/Share
November 8, 2012 4:03 PM ESTKAYAK Software Corporation (Nasdaq: KYAK) announced financial results for the third quarter ended September 30, 2012. The company also announced that it signed a definitive agreement to be acquired by priceline.com Incorporated (Nasdaq: PCLN) for $40 per share in cash and... More
