Summary
On April 1, 2014, priceline.com Incorporated officially changed its legal name to The Priceline Group Inc. This corporate name change was executed through a short-form merger under Delaware law, with the company surviving the merger and amending its certificate of incorporation accordingly. The change is primarily a rebranding initiative and does not impact the company's operational structure, financial reporting, ticker symbol (PCLN), or existing equity and debt securities. This renaming signifies a strategic evolution for the company, likely reflecting its broader scope beyond just "priceline.com." Investors should note that while the name has changed, the underlying business and its financial performance remain associated with the established PCLN ticker. The company also launched a new corporate website, www.pricelinegroup.com, to house its investor relations information and corporate governance documents, indicating a move towards a more centralized and consolidated corporate identity.
Key Highlights
- 1Legal name change from priceline.com Incorporated to The Priceline Group Inc. effective April 1, 2014.
- 2Name change effected via a short-form merger under Delaware General Corporation Law.
- 3No impact on the company's ticker symbol (PCLN) or CUSIP numbers for outstanding stock and notes.
- 4Existing stock certificates remain valid and do not require exchange.
- 5Amended and restated by-laws reflecting the new corporate name became effective.
- 6Launched new corporate website: www.pricelinegroup.com for investor relations and corporate information.