BUZZ-TripAdvisor jumps on planned acquisition of its controlling shareholder

Reuters
2024-12-19

** Shares of TripAdvisor rise 8% to ~$14 premarket

** Tripadvisor to buy its controlling shareholder, Liberty TripAdvisor Holdings , in merger agreement

** TRIP views the transaction as effectively a repurchase of the Tripadvisor common stock held by Liberty TripAdvisor

** The implied share price for the acquisition of TRIP shares from Liberty Tripadvisor is $16.21, totaling about $435 million

** Upon merger, TRIP plans to retire about 27 million shares of Tripadvisor common stock currently held by Liberty TripAdvisor

** The transaction is expected to close in the second quarter of 2025

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))

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