It seems as though the whole travel industry is excited about the news: EXPE - 90.45 +15.64% OWW - 11.65 +21.05% PCLN - 1092.83 +3.09% TRIP - 82.03 +21.94% Wo

It seems as though the whole travel industry is excited about the news: EXPE - 90.45 +15.64% OWW - 11.65 +21.05% PCLN - 1092.83 +3.09% TRIP - 82.03 +21.94% Worth noting as well that the deal was based upon 115M Orbitz shares @ 12/ each, which makes it a $1.38B. The $1.6B represents the enterprise value.