Delta to Sell 10 Million Priceline.com Shares
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Delta Air Lines Inc. filed to sell 10 million common shares of Priceline.com Inc., which sells airline tickets and hotel rooms online. Delta most recently reported holding the equivalent of 23.2 million shares in Norwalk, Conn.-based Priceline.
Atlanta-based Delta plans to sell 10 million of its Priceline.com shares “as soon as practicable,” according to a filing with the Securities and Exchange Commission. The filing listed the market value of the Priceline.com shares at $83.8 million.
Delta shares fell 30 cents to close at $43.85 on the NYSE, while Priceline rose 2 cents to close at $8.68 on Nasdaq.
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