TripAdvisor jumps on planned acquisition of its controlling shareholder
** Shares of TripAdvisor TRIP.O rise 8% to ~$14 premarket
** Tripadvisor to buy its controlling shareholder, Liberty TripAdvisor Holdings LTRPA.PK, in merger agreement
** TRIPviews the transaction as effectively a repurchase of the Tripadvisor common stock held by Liberty TripAdvisor
** The implied share price for the acquisition of TRIPshares from Liberty Tripadvisor is $16.21, totaling about$435 million
** Upon merger, TRIPplans to retire about27 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
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