Around the Net
Priceline Completes $2.6 Billion Open Table Purchase
- Chain Store Age, Monday, July 28, 2014 11:56 AM
The Priceline Group Inc. has successfully completed its previously announced tender offer to purchase all outstanding shares of common stock of OpenTable Inc. for $103 per share in cash. The all-cash transaction is valued at $2.6 billion. The Priceline Group expects to complete the acquisition of OpenTable on July 24 through a merger. As a result of the merger, all remaining eligible OpenTable shares will be converted into the right to receive $103 per share in cash.
