KAYAK Software Corporation
KYAK ("KAYAK") and priceline.com Incorporated PCLN
("priceline.com") today announced that the parties have been informed by the
UK Office of Fair Trading ("OFT") that the administrative deadline for the
OFT's review of the merger of KAYAK with priceline.com is expected to be in
May 2013.
The closing of the merger will take place once the remaining conditions to
closing (including the receipt of all required regulatory approvals) have been
satisfied. KAYAK and priceline.com will announce the closing date of the
proposed merger and the election deadline for KAYAK stockholders to specify
the type of consideration they wish to receive once those dates have been set.
In accordance with the merger agreement, the election deadline will be 5:00 pm
on the date that is 5 business days preceding the closing date.
KAYAK stockholders should continue to use the election form previously
mailed. If a KAYAK stockholder has already submitted a properly completed
election form to the exchange agent and wishes to change the election, that
stockholder may resubmit a new, properly completed election form to the
exchange agent and the previous election form will be disregarded. KAYAK
stockholders who have already submitted an election form and do not wish to
make any changes do not need to take any further action and the election form
already submitted to the exchange agent will be used. KAYAK stockholders,
other than stockholders of record, should contact their bank or broker
directly to make their election. KAYAK stockholders who wish to obtain a new
election form or have any questions about the election form should contact
KAYAK's information agent, Georgeson, at the following address and phone
number: 199 Water Street, 26^th Floor, New York, NY 10038, (888) 293-6908
(Toll Free); Banks and Brokerage Firms please call: (212) 440-9800.
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