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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:55 EDTTRIP, LVNTA, LINTALiberty TripAdvisor files prospectus for spin-off from Liberty Interactive
Liberty TripAdvisor is currently a subsidiary of Liberty Interactive (LINTA) and its businesses, assets and liabilities consist of Liberty's 22% ownership interest and 57% voting interest in TripAdvisor (TRIP), Liberty's 100% ownership interest in BuySeasons, which currently forms a part of Liberty's wholly owned subsidiary, Celebrate Interactive, anticipated corporate level cash and cash equivalents of $50M and $400M in indebtedness. Liberty has determined to spin off Liberty TripAdvisor by distributing to the holders of its Liberty Ventures (LVNTA) common stock, as a dividend, all of Liberty TripAdvisor's stock. Concurrently with Liberty's plan to effect the spin-off, Liberty is also pursuing a plan to reclassify its Liberty Interactive common stock into a new QVC Group common stock and a new Liberty Digital Commerce common stock. If the Proposed Reclassification occurs prior to the spin-ff, no shares of Liberty TripAdvisor's common stock would be distributed to holders of Liberty's Series A QVC Group common stock, Series B QVC Group common stock, Series A Liberty Digital Commerce common stock or Series B Liberty Digital Commerce common stock. At present, Liberty's interest in TripAdvisor is attributed to its Ventures Group and BuySeasons, as a part of Celebrate, is attributed to its Interactive Group. In the event that the spin-off occurs prior to the proposed reclassification, BuySeasons would be reattributed from Liberty's Interactive Group to its Ventures Group prior to the spin-off. In the event that the spin-off does not occur prior to the proposed reclassification, BuySeasons will be attributed to the QVC Group in connection with the reclassification and then later reattributed to the Ventures Group prior to the spin-off. The company's interest in TripAdvisor will remain attributed to the Ventures Group should the proposed reclassification occur prior to the spin-off. If all conditions to the spin-off are satisfied or waived by the board of directors of Liberty, for each whole share of Liberty's Series A Liberty Ventures common stock held, shareholders will receive one share of Liberty TripAdvisor's Series A common stock, and for each whole share of Liberty's Series B Liberty Ventures common stock (LVNTB) held, shareholders will receive one share of Liberty TripAdvisor's Series B common stock. No shares of Liberty TripAdvisor's common stock are being distributed to holders of Liberty's Series A Liberty Interactive common stock or Series B Liberty Interactive common stock (LINTB).
News For LINTA;LVNTA;TRIP From The Last 14 Days
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December 17, 2014
10:02 EDTTRIPOn The Fly: Analyst Initiation Summary
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07:24 EDTTRIPTripAdvisor initiated with a Neutral at Buckingham
Target $67.

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