BRIEF-Tripadvisor Enters Into Agreement To Sell Thefork To American Express For $700 Million

TripAdvisor, Inc.
American Express Company

TripAdvisor, Inc.

TRIP

0.00

American Express Company

AXP

0.00

June 15 (Reuters) - Tripadvisor Inc TRIP.O:

  • TRIPADVISOR ENTERS INTO AGREEMENT TO SELL THEFORK TO AMERICAN EXPRESS FOR $700 MILLION

  • TRIPADVISOR ENTERS INTO AGREEMENT TO SELL THEFORK TO AMERICAN EXPRESS FOR $700 MILLION

  • TRIPADVISOR INC: ANTICIPATES MINIMAL TAX COST FROM SALE OF THEFORK, WITH NET PROCEEDS EXPECTED TO CLOSELY APPROXIMATE GROSS PROCEEDS

  • TRIPADVISOR : POTENTIAL USES OF PROCEEDS INCLUDE SHARE REPURCHASES, DEBT PAYDOWN, OR INORGANIC INVESTMENT WITHIN EXPERIENCES CATEGORY

Source text: ID:nPn7f1g1ga

Further company coverage: TRIP.O


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