Summary
This 8-K filing from priceline.com Incorporated (now Booking Holdings Inc.) on September 21, 2001, details two significant events impacting the company. Firstly, it announces the withdrawal of a shelf registration request by Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited, who had previously obtained rights to purchase up to a 37.5% stake in priceline.com. This withdrawal removes a potential dilution event for existing shareholders and clarifies the ownership structure. Secondly, the report discloses priceline.com's re-estimation of its third-quarter earnings due to the impact of the September 11, 2001 terrorist attacks.
Key Highlights
- 1Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited have withdrawn their request for a shelf registration to sell shares.
- 2The withdrawal by Cheung Kong and Hutchison Whampoa means they will not proceed with selling shares under the previously discussed registration.
- 3Previously, Cheung Kong and Hutchison Whampoa held rights to purchase up to a 37.5% stake in priceline.com, which is now clarified through this withdrawal.
- 4Priceline.com has re-estimated its third-quarter earnings.
- 5The re-estimation of third-quarter earnings is a direct consequence of the September 11, 2001 terrorist attacks.
- 6The filing includes press releases as exhibits detailing these two key events.