Tripadvisor, INC Schedule 13D activist filings

Starboard Value entities have adjusted their holdings in TripAdvisor, Inc., selling shares and entering into cash-settled total return swaps.

Activist investor Starboard Value LP has reached an agreement with TripAdvisor, Inc. to appoint two new independent directors and potentially two more, alongside significant corporate governance changes.

Activist investor Starboard Value LP and its affiliates have disclosed a 9.0% beneficial ownership stake in Tripadvisor, Inc., stating their belief that the shares are undervalued and expressing intent to engage with management and the Board on opportunities for value creation.

Liberty TripAdvisor Holdings, Inc. has filed its final Schedule 13D amendment, confirming its merger into a Tripadvisor, Inc. subsidiary and the cessation of its beneficial ownership of Tripadvisor shares.