Ctrip.com International Ltd. (Nasdaq: CTRP) swapped shares with Baidu Inc. (Nadaq: BIDU) to acquire a 45% stake in Qunar Cayman Islands Ltd. (Nasdaq: QUNR). Shares of Ctrip.com leaped $17.03 to $91.37 while Baidu stock surged $9.33 to $166.93. Shares of Qunar soared $4.24 to $43.76.
Ctrip.com swaps stock with Baidu
October 26, 2015 at 14:25 PM EDT
