TripAdvisor Flies Free From Expedia This Week, Joins S&P 500

In a transaction we previously discussed here, Expedia(EXPE) will complete the spinoff of TripAdvisor(TRIP) on or around December 20.  Immediately prior to the spin, Expedia will execute a 1 for 2 reverse split, and on December 20, TripAdvisor will be added to the S&P 500, replacing Tellabs(TLAB).  Expedia, itself spun off several years ago by Barry Diller’s IAC(IAC),… Read More »