Is Tripadvisor for Sale? - Investopedia

Excerpt from Investopedia

Tripadvisor Stock Jumps on News of Committee to Consider Deal Proposals

Tripadvisor (TRIP) shares surged more than 13% in after-hours trading Monday evening after the online travel review and advice company said that it had established a special committee to consider potential deal proposals, indicating its willingness to explore strategic opportunities.

According to a statement released on the company's website, the special committee will comprise independent members of Tripadvisor's board of directors and have a mandate to "evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor." The committee has also hired independent investment banking firm Centerview Partners LLC as its financial advisor to assist in the evaluation process.1

Potential proposals "include those that may arise in the future as a result of the recent Liberty TripAdvisor Holdings Inc. ("LTRP") disclosure of its intent to evaluate potential alternatives involving LTRP and Tripadvisor," the statement added.

Click here to read complete article at Investopedia.