Technology shares were generally mixed in recent pre-market trading Monday.
Expedia ( EXPE ) said it agreed to acquire Wotif.com Holdings, an Australian online-travel company, for 703 million Australian dollars or A$3.30 per share (US$658 million or US$3.09 per share). In Australian dollars, the offer price represents a premium of approximately 30% to Wotif Group's volume-weighted average share price for the five trading days leading up to and including July 4.
Orbotech ( ORBK ), a provider of electronics-industry supply-chain solutions, said it agreed to buy U.K.-based thermal-processing-equipment manufacturer SPTS Technologies in a $370 million all-cash transaction. The acquisition and related costs are expected to be financed through a combination of cash on hand and approximately $300 million in debt financing under a new term loan facility.
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