Priceline.com and Kayak Software Corporation have announced the closing date of their proposed $1.8 billion merger: May 21, 2013. The original closing date had been set for late March but was delayed until the merger received the green light from the U.K. Office of Fair Trading. The Merger now has all regulatory approvals for the merger to go forward. The proposal calls for Priceline.com to buy Kayak for %1.8 billion in cash and stock.
In accordance with the merger agreement, the election deadline for Kayak stockholders to specify the type of consideration they wish to receive will be 5 p.m. Eastern Time on May 14, 2013.
Kayak stockholders should submit a completed election form (previously provided to stockholders of record as of Jan. 24, 2013) to the exchange agent by the election deadline. Kayak stockholders other than stockholders of record should contact their banks or brokers to make their elections by the election deadline.
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