Priceline PCLN announced the acquisition of OpenTable OPEN and will be paying more than a 46 percent premium over OpenTable’s Thursday close.
The massive $2.6 billion acquisition has sent investors scrambling for shares for similar companies as industry valuation has changed.
OpenTable shares ripped higher after awaking from the halt and are up 47.66 percent to $104.04.
The following is a list of peers that are moving on the action:
Yelp YELP shares are up 9.55 percent
Groupon GRPN shares are up 7.08 percent
LiveDeal LIVE shares are up 12.11 percent
Angie’s List ANGI shares are up 4.67 percent
Tripadvisor TRIP shares are up 3.13 percent
Expedia EXPE shares are up 1.23 percent
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