Shareholder Alert: Ademi LLP Investigates Whether Liberty TripAdvisor Holdings, Inc. Is Obtaining a Fair Price for Its Public Shareholders

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Liberty TripAdvisor (OTCMKTS: LTRPA, LTRPB) for possible breaches of fiduciary duty and other violations of law in its transaction with Tripadvisor.

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In the transaction, Liberty TripAdvisor Series A Common Stock and Series B Common Stock will be converted into the right to receive $0.2567 per share in cash, totaling approximately $20 million in the aggregate; (ii) shares of Liberty TripAdvisor’s 8% Series A Cumulative Redeemable Preferred Stock will be converted into the right to receive, in the aggregate, $42,471,000 in cash, and 3,037,959 shares of Tripadvisor common stock; and (iii) Liberty TripAdvisor’s 0.50% Exchangeable Senior Debentures of approximately $330 million will be repaid. Liberty TripAdvisor insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Liberty TripAdvisor by imposing a significant penalty if Liberty TripAdvisor accepts a competing bid. We are investigating the conduct of Liberty TripAdvisor’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.