Is Expedia gearing up for acquisitions?
The company announced today that it will begin a private offering for senior unsecured notes, with the principal amount and terms to be determined at the time of sale.
UPDATE: Expedia Inc. says it intends to raise $750 million in its offering of senior unsecured notes.
The offering of the notes, at 5.95%, is expected to close Aug. 5.
In its original announcement, Expedia hadn’t revealed the pricing, but did so in a second announcement later in the day.
Read the full story at http://www.tnooz.com/2010/08/02/news/is-expedia-gearing-up-for-acquisitions/