logo
  

Liberty: When-Issued Trading For Spin-off Of Liberty TripAdvisor

Liberty Interactive Corp (LINTA, LINTB,LVNTA,LVNTB), Monday announced that, in connection with its upcoming spin-off of its subsidiary Liberty TripAdvisor Holdings Inc, 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, 2014.

The Spin-off will be effected through the distribution, by means of a dividend, of TripAdvisor Holdings common stock on August 27 to holders of Liberty Ventures common stock.

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.

Liberty Interactive, based in Englewood, Colorado, owns interests in a range of electronic retailing, media, communications, and entertainment businesses.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Novartis AG's shares were gaining more than 4 percent in Switzerland and more than 5 percent in pre-market activity on the NYSE after the Swiss drug major reported Tuesday higher first-quarter profit, above market estimates, with strong sales growth. The company also raised its fiscal 2024 outlook for growth in sales and core operating income. Primal Kitchen is recalling around 2,060 cases of three code dates of Primal Kitchen Avocado Oil as the glass may be prone to breakage, causing the product to spill, the U.S. Food and Drug Administration noted. The recall involves 750mL Primal Kitchen Avocado Oil with an individual package UPC of 8-5523200719-4. Tesla Inc. has cut prices across its various models in China, after similar cuts in the United States, as the luxury electric car maker is struggling with slower demand and severe competition. On the Nasdaq Stock Exchange, Tesla shares were down 3.4 percent in the initial trading, at $142.05.

First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

View More Videos
Follow RTT