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Mohd Haider

Tripadvisor Shares Jump As Starboard Value Acquires Over 9% Stake

Starboard Value TripAdvisor TripAdvisor Inc

Tripadvisor

Tripadvisor Inc. (NASDAQ:TRIP) experienced a surge after activist investor Starboard Value acquired a 9% stake in the company.

What Happened: According to a Reuters report, Starboard Value, a prominent hedge fund, has secured a stake of over 9% in the travel services company.

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