Kayak Software Corp. shareholders voted overwhelmingly in favor of adopting the proposed merger agreement with priceline.com Inc., the companies said yesterday.
The merger agreement, first announced Nov. 8 by the Norwalk travel companies, was approved by about 96 percent of Kayak shareholders who voted at a March 4 meeting.
Under the terms of the merger, priceline.com will acquire Kayak for about $1.8 billion. The closing of the merger will take place once the remaining conditions, including regulatory approvals, are secured. At that point, Kayak and priceline.com will set a deadline for Kayak stockholders to specify the type of consideration they wish to receive.
