Tripadvisor forms special committee to evaluate deal-related proposals (updated)

Liberty TripAdvisor Holdings

12/02/2024 21:55

(Adds shares in paragraph 1 and details in paragraphs 2-3)
       Feb 12 (Reuters) - Tripadvisor Inc  TRIP.O  said on
Monday the online travel company has formed a special committee
to evaluate any proposals that may lead to a potential deal,
sending its shares up 11.8% in extended trading. 
   Centerview Partners will act as the financial adviser to the
special committee, which will also look into the recent Liberty
TripAdvisor Holdings' disclosure of its intent to evaluate
potential alternatives involving the two companies.  
        Liberty TripAdvisor owns a 21% stake in Tripadvisor. 
  
    
    
    

 (Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini
Ganguli and Anil D'Silva)
 ((Kannaki.Deka@thomsonreuters.com;))