On Monday, Tripadvisor (NASDAQ: TRIP) announced the formation of a special committee and the hiring of an advisor “to evaluate any proposals that may be brought forward for a potential transaction.”
The Special Committee’s mandate is to evaluate any proposals for a potential transaction, as well as any alternatives, involving Tripadvisor, including those that may arise in the future as a result of Liberty TripAdvisor Holdings, Inc. (“LTRP”)’s recent SEC disclosure of its intent to evaluate potential alternatives involving LTRP and Tripadvisor.
Liberty Tripadvisor has a 57% voting stake in Tripadvisor but slightly more than 20% of the company’s shares.
The Special Committee has hired Centerview Partners LLC to serve as its financial advisor during the review process. There is no guarantee that such an appraisal will result in a transaction or that it will occur at all. Any possible transaction would be subject to the negotiation and execution of mutually…