Kayak Investor Looks To Halt $1.8B Priceline Buyout

Law360, Wilmington (November 19, 2012, 5:11 PM EST) -- A Kayak Software Corp. shareholder launched a putative class action in Delaware Chancery Court on Friday claiming directors of the travel-deal website shortchanged investors by agreeing to a $1.8 billion buyout offer from the parent of industry giant Priceline.com Inc.

Filed by shareholder Michael James Krawczynski, the suit aims to stop the $40 per share cash-and-stock offer from Priceline, claiming the deal provides Kayak investors with an inadequate return, especially as they bought into the promising company only recently, following a long-awaited initial public offering....
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