What is the significance of this 8-K filing for investors?

This 8-K filing confirms the successful completion of Priceline.com's acquisition of KAYAK Software Corporation. Investors can assess the financial impact of this significant transaction, including the cash and stock components, and understand the strategic rationale behind integrating KAYAK's metasearch platform into Priceline's business.

What was the total value of the KAYAK acquisition?

The total consideration for the acquisition included approximately $522.4 million in cash and the issuance of roughly 1.52 million shares of Priceline.com common stock. The filing does not provide a precise total valuation but details these components of the deal.

Will Priceline.com file financial statements or pro forma information related to the KAYAK acquisition?

Yes, the filing states that the required financial statements of the acquired business and pro forma financial information will be filed via an amendment to this Form 8-K within 71 days of the filing date of this report.

What happens to KAYAK's existing stock options and restricted stock units?

Priceline.com assumed KAYAK's outstanding stock options. Holders of KAYAK restricted stock units received a cash payment of $41.40 for each restricted stock unit.

BKNG 8-K: Acquisitions & Dispositions

Summary

Priceline.com Incorporated (now Booking Holdings Inc.) announced the closing of its acquisition of KAYAK Software Corporation on May 21, 2013. This strategic move involved a cash payment of approximately $522.4 million and the issuance of about 1.52 million shares of common stock to KAYAK's stockholders. The acquisition integrates KAYAK's metasearch capabilities into Priceline's existing offerings, aiming to enhance its global travel marketplace. The company also assumed outstanding KAYAK stock options and provided cash payouts for restricted stock units, demonstrating a complete integration of KAYAK's equity awards.

Key Highlights

1Priceline.com Incorporated officially closed the acquisition of KAYAK Software Corporation on May 21, 2013.
2The transaction involved a cash consideration of approximately $522.4 million.
3Priceline.com issued approximately 1,519,717 shares of its common stock as part of the acquisition.
4KAYAK Software Corporation was merged with Produce Merger Sub, Inc., a wholly-owned subsidiary of Priceline.com, with Merger Sub continuing as the surviving entity and renamed KAYAK Software Corporation.
5Outstanding KAYAK stock options were assumed by Priceline.com.
6Holders of KAYAK restricted stock units received a cash payment of $41.40 per unit.

Booking Holdings Inc. 8-K Report, Acquisition Completed (May 21, 2013)

Summary

Key Highlights

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