US EditionStarboard Value builds over 9% stake in Tripadvisor, WSJ reports
- Last week, activist firm Starboard Value disclosed a over 9% stake in Tripadvisor, causing its shares to jump about 10% on Thursday.
- Starboard's activist approach, including recent proxy wins at Autodesk and campaigns at Pfizer, signals potential future efforts at Tripadvisor following its 9% stake disclosure.
- The Wall Street Journal reported late Wednesday that Starboard’s 9% Tripadvisor stake sparked a 10% rally , and neither firm responded to CNBC’s request for comment.
- Tripadvisor shares rose about 10% after Starboard disclosed a 9% stake, intensifying pressure on its internal committee amid stagnant stock performance.
- Potentially, Starboard may seek board representation or push for leadership changes at Tripadvisor, building on its history of proxy fights and strategic activism such as at Autodesk and Pfizer.
23 Articles
23 Articles
Activist investor Starboard builds 9% stake in Needham-based Tripadvisor - The Boston Globe
While Tripadvisor posted better-than-expected results in the first quarter, its core business remains under pressure from factors including increased competition and weaker travel demand.
These stocks got a boost as Starboard Value took a big stake in Tripadvisor
Here’s how Tripadvisor’s stock valuation stacks up with rivals such Expedia, Booking and Airbnb. Article Attribution | Read More at Article Source The post These stocks got a boost as Starboard Value took a big stake in Tripadvisor appeared first on RocketNews.
Why Tripadvisor Stock Is on the Map Today @themotleyfool #stocks $TRIP
Key PointsStarboard Value just disclosed a 9% stake in Tripadvisor.The stock costs 38 times earnings, but profits are growing quickly, and so is free cash flow.Starboard scored a quick gain on Tripadvisor -- but the stock has even more room to rise. Tripadvisor (NASDAQ: TRIP) stock galloped ahead 18% through 11:05 a.m. ET Thursday after activist investor Starboard Value disclosed that it has taken a 9% stake in the travel advisor. Calling the co…
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