Priceline (PCLN) Agrees to Buy OpenTable Inc (OPEN) for $2.6B

Online travel giant Priceline Group (PCLN) agreed on Friday to acquire Internet restaurant reservation company OpenTable Inc. (OPEN) for $2.6 billion in cash. Priceline will pay $103 per share for the owner of OpenTable.com, which represents a 46% premium over OpenTable’s Thursday closing pps of $70.43. OPEN spiked more than 48% to $104.48 Friday. “OpenTable […] View the full post at: Priceline (PCLN) Agrees to Buy OpenTable Inc (OPEN) for $2.6B Related posts: Chrome: Google’s New Open Source Browser to Launch Tomorrow After-Hours Earnings (Feb. 9) Pre-Market Earnings for August 8, 2012: CPK, BCE, RL, PPL, TEG, DISH, M, AVT, BIP, IFF, NRG, CSC
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