Seeking Alpha

Priceline (PCLN) is acquiring Kayak Software (KYAK) for $40/share, or $1.8B. The price...

Priceline (PCLN) is acquiring Kayak Software (KYAK) for $40/share, or $1.8B. The price represents a 29% premium to Kayak's close today. 1/3 of the purchased will be financed via cash, and 2/3 via stock. Priceline expects the deal to close in Q1, and have a minimal impact on 2013 EPS. Regulators may take a close look. PCLN -1.5% AH. KYAK is halted until 4:30 p.m.  (PR)
Comments (1)
  • tock172
    , contributor
    Comments (36) | Send Message
     
    Been eyeing KYAK for months. Wish I'd bit the bullet. Hindsight's 20/20.
    8 Nov 2012, 04:36 PM Reply Like
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