Tripadvisor closes $430M merger with Liberty TripAdvisor; net share count reduced by ~23.8M

TripAdvisor, Inc.

Acquired Liberty TripAdvisor for aggregate value ~$430M; LTRIP common shareholders received $0.2567/share in cash (~$20M total).
Preferred shareholders received ~$42.5M cash plus 3,037,959 TRIP shares; ~$326M of exchangeable debentures repaid at close, ~$4M to be redeemed.
Liberty TripAdvisor's 55.2% voting interest eliminated; TRIP no longer a controlled company under Nasdaq rules.
Redomesticated from Delaware to Nevada effective April 29, 2025, as approved by stockholders in June 2023.
Governance Agreement among TRIP, Liberty Interactive, and Barry Diller terminated in connection with the merger.

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