Levi & Korsinsky, LLP Commences Investigation into Liberty TripAdvisor Holdings, Inc. Sale
On January 27, 2025, Levi & Korsinsky, LLP notified all persons or entities who owned Liberty TripAdvisor Holdings Inc (LTRPB) stock prior to December 17, 2024, of an ongoing investigation. The law firm is examining the fairness of the sale of LTRPB to TripAdvisor, Inc. (TripAdvisor), and whether the Board of LTRPB acted in the best interest of its stockholders.
Background
Liberty TripAdvisor Holdings, Inc. is a leading online travel company formed through a business combination between Liberty Interactive Corporation and TripAdvisor, Inc. in 2013. The Company’s portfolio includes well-known brands such as TripAdvisor, Expedia, and Hotels.com. In December 2024, TripAdvisor, Inc. announced its intention to acquire the remaining 50% stake in Liberty TripAdvisor Holdings, Inc. that it did not already own, in a cash-and-stock transaction valued at approximately $12.2 billion.
The Investigation
Levi & Korsinsky, LLP’s investigation focuses on several aspects of the sale, including:
- Fairness to Stockholders: Stockholders may have been harmed by the sale price, which they allege is below the intrinsic value of LTRPB.
- Actions of the Board: The investigation will assess whether the Board of LTRPB breached their fiduciary duties to stockholders by selling the Company at an inadequate price.
- Disclosure of Material Facts: The law firm will examine whether all material information was properly disclosed to stockholders prior to the sale.
Impact on Individual Stockholders
If you are a LTRPB stockholder who sold your shares prior to December 17, 2024, and wish to learn more about the investigation, you can contact Levi & Korsinsky, LLP. You may be eligible to recover potential damages.
Global Implications
The outcome of this investigation could have far-reaching implications for the mergers and acquisitions landscape. It may set a precedent for future cases involving the fairness of corporate transactions and the responsibilities of Boards to their shareholders.
Conclusion
The investigation into the Liberty TripAdvisor Holdings, Inc. sale by Levi & Korsinsky, LLP is an important development for the Company’s stockholders and the broader business community. The law firm’s examination of the fairness of the sale, the actions of the Board, and the disclosure of material facts may lead to significant consequences for all parties involved. Stay informed about this ongoing investigation and its potential impact on you and the business world.
For more information, please contact Levi & Korsinsky, LLP at (212) 363-7500 or via email at [email protected] If you wish to join the case, please visit:
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