Business Context and Reporting Period
Company: Expedia, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 12, 2015
Event: Extension of the termination date for the previously announced Merger Agreement with Orbitz Worldwide, Inc.
Key Financial Metrics
This filing is a current report regarding a corporate event and does not contain financial statements. The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Merger Agreement Extension: Expedia elected to extend the termination date of the Merger Agreement from August 12, 2015, to November 12, 2015.
- Agreement Status: No other provisions of the Merger Agreement were amended; the agreement remains in full force and effect.
- Regulatory Conditions: The proposed merger remains subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the extension was made pursuant to Section 7.1(d) of the Merger Agreement originally entered into on February 12, 2015.
Risks and Contingencies: The completion of the merger is contingent upon regulatory approvals, specifically the Hart-Scott-Rodino waiting period, and other customary closing conditions.
Investor Verification Checklist
- Verify the current status of the Hart-Scott-Rodino antitrust review for the Expedia-Orbitz merger.
- Confirm whether any other customary closing conditions have been satisfied or remain outstanding.
- Monitor for future filings regarding the November 12, 2015, termination date or further extensions.