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Expedia (EXPE) shares spiked 4.9% to 124.68 Wednesday after word hit shortly before the close that the Justice Department would not derail its pending merger with smaller rival Orbitz Worldwide (OWW), in a deal valued at $1.3 billion. Orbitz jumped 6.4% to 11.92 on the stock market today. Expedia hit 129.10 intraday, a record high. Both stocks rallied slightly in late trading after the DOJ confirmed the news. “We concluded that the acquisition is Scalper1 News
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