New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 15, 2014
05:16 EDTPCLNPriceline prices $1B senior notes offering
Priceline announced the pricing of $1B principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers. The notes will pay interest semiannually at a rate of 0.90% per annum. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of Priceline common stock and/or cash at Priceline's election for the conversion value above the principal amount based on a conversion rate of 0.4865 shares of common stock per $1,000 principal amount of the notes. Priceline estimates that the net proceeds from the offering of notes will be approximately $990M, after deducting estimated fees and expenses. Priceline plans to use the net proceeds from the offering of the notes to repurchase approximately $147M of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the company's common stock and corporate acquisitions.
News For PCLN From The Last 14 Days
Check below for free stories on PCLN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 9, 2014
13:58 EDTPCLNStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
Subscribe for More Information
September 5, 2014
12:42 EDTPCLNStocks with increasing options volume
Stocks with increasing options volume: VALE MCP KORS WAG GM PCLN
10:05 EDTPCLNOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:59 EDTPCLNPriceline downgraded to Equal-Weight from Overweight at Evercore
Evercore downgraded Priceline (PCLN) to Equal Weight based on Google (GOOG) competitive concerns. The analyst is positive on Priceline's Enterprise initiatives but said they are in the early stages and don't address new "captive demand" channels Google is integrating. Price target lowered to $1,350 from $1,450.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use