The Priceline Group announced this morning that it would acquire hotel reservation and customer service relationship platform OpenTable for $2.6 billion.
Priceline will pay OpenTable $103 per share in an all-cash deal, a 46% premium over its closing share price June 12.
The stock closed today at $104.43, 48% over its closing share price the previous day.
Here is a look at both Priceline and OpenTable’s stock over the last five days. Despite the decline, Priceline is still the largest travel company by market cap.