Kayak Software Corp. (KYAK) announced after the bell Thursday that it agreed to be acquired by Priceline.com (PCLN) for $40 per share in cash and stock. The company also reported third quarter non-GAAP EPS of $0.26, which was flat with the prior year result.
Kayak Software gapped open dramatically higher Friday, but moved in a narrow range throughout the session. Shares finished up by 8.63 at $39.67 on strong volume. The stock leaped to a new all-time high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.