Ryan & Maniskas, LLP Announces Investigation of Kayak Software Corporation

  Ryan & Maniskas, LLP Announces Investigation of Kayak Software Corporation

Business Wire

WAYNE, Pa. -- November 13, 2012

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/kyak) is investigating
potential claims against the board of directors of Kayak Software Corporation
(“Kayak” or the “Company”) (NASDAQ: KYAK) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale of the
Company to priceline.com Incorporated in a cash-and-stock deal valued at
approximately $1.8 billion.

Our investigation concerns possible breaches of fiduciary duty and other
violations of law related to the approval of the transaction by the Company’s
board of directors; in particular, whether the Company undertook a fair
process to obtain fair consideration for all shareholders of Kayak. For more
information regarding our investigation, please contact Ryan & Maniskas, LLP
(Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/kyak

Under the terms of the proposed transaction, KAYAK’s stockholders have the
right to receive cash or stock with a value of $40 per each KAYAK share they
own (subject to (i) the collar mechanism described below and (ii) pro ration
such that the overall consideration in the deal to KAYAK shareholders will
consist of one-third cash and two-thirds stock). The stock portion of the
consideration will be subject to a 10% collar pursuant to which the value of
the priceline.com stock delivered to those receiving stock will be $40 per
KAYAK share so long as the aggregate volume-weighted average priceline.com
trading price for the 30-day period ending 2 days prior to closing of the
transaction is between $571.31 and $698.27 per priceline.com share.

If you own shares of Kayak and would like to learn more about these claims or
if you wish to discuss these matters and have any questions concerning this
announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at
(877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/kyak. You
may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
nationwide.

Contact:

Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/kyak
 
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