Starboard Value targets Trip Advisor board shake-up

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Starboard Value targets Trip Advisor board shake-up

hedgeweek

4 months ago

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Activist hedge fund Starboard Value is preparing to push for a sweeping overhaul of the board at online travel group Tripadvisor, according to a report by the Wall Street Journal citing unnamed people familiar with the matter
Starboard, which now holds more than 9% of Tripadvisor’s shares, plans to nominate a majority slate of directors for the company’s eight-member board, according to the WSJ’s sources, with the fund expected to outline its proposals in a letter to the board.
The activist inve...

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