(Reuters) -Tripadvisor Inc said on Monday the online travel company has formed a special committee to evaluate any proposals that may lead to a potential deal, sending its shares up 11.8% in extended trading.
Centerview Partners will act as the financial adviser to the special committee, which will also look into the recent Liberty TripAdvisor Holdings’ disclosure of its intent to evaluate potential alternatives involving the two companies.
Liberty TripAdvisor owns a 21% stake in Tripadvisor.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva)
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