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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:55 EDTLINTA, LVNTA, TRIPLiberty 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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August 27, 2014
18:05 EDTTRIP, LINTA, LVNTALiberty Interactive completes Liberty TripAdvisor Holdings spin-off
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August 25, 2014
16:33 EDTLINTA, LVNTA, TRIPLiberty sites when-issued trading for spin-off of Liberty TripAdvisor Holdings
Liberty Interactive (LINTA, LVNTA) announced that, in connection with its upcoming spin-off of its subsidiary Liberty TripAdvisor Holdings, it has been advised by Nasdaq that shares of TripAdvisor Holdings Series A and Series B common stock will trade on a when-issued basis on the Nasdaq Global Select Market under the symbols “LTPAV” and “LTPBV”, respectively, on August 27. The Spin-off will be effected through the distribution, by means of a dividend, of TripAdvisor Holdings common stock at 5:00 p.m., New York City time, on August 27 to holders of Liberty Ventures common stock. The record date for the dividend was 5:00 p.m., New York City time, on August 21. Liberty expects that the TripAdvisor Holdings Series A and Series B common stock will begin trading in the regular way on the Nasdaq Global Select Market under the symbols “LTRPA” and “LTRPB” beginning on August 28. The completion of the Spin-off remains subject to the satisfaction or waiver, as applicable, of a number of conditions.
09:19 EDTTRIP, LINTATripAdvisor price target raised to $100 from $88 at Wunderlich
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08:44 EDTTRIPExpedia Q3 trends encouraging, says FBR Capital
FBR Capital believes that Q3 U.S. trends indicate that Expedia (EXPE) continues to generate healthy growth. The firm thinks that the company's room night growth and domestic ticket volume growth have accelerated slightly from June levels. FBR expects Expedia to benefit from a change in TripAdvisor's (TRIP) meta path. It keeps an Outperform rating on Expedia.
August 22, 2014
08:38 EDTTRIPTripAdvisor cut metasearch inventory in half, says FBR Capital
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