Activist investor Starboard Value is planning to push for a shake-up of Tripadvisor’s (TRIP) board, preparing to nominate a majority slate on the company’s eight-person board, Ben Glickman of The Wall Street Journal reports, citing people familiar with the matter. Starboard currently holds a more than 9% stake in Tripadvisor, sources added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRIP:
- Tripadvisor’s Experiences Pivot Raises Liability, Insurance and Reputational Risks
- Tripadvisor Earnings Call: Experiences Drive Strategic Pivot
- TripAdvisor price target lowered to $80 from $92 at Goldman Sachs
- TripAdvisor price target lowered to $12 from $15 at Wedbush
- TripAdvisor price target lowered to $10 from $14 at Cantor Fitzgerald
