由于特别委员会表示并购对持有人来说不是最好的，Tripadvantage股价暴跌

Tripadvisor (NASDAQ:TRIP) dropped 15% in premarket trading after the online travel firm said that a special committee of its board determined there is no transaction with a third party that is in the best interests of the company and its stockholders.

The special committee will continue to evaluate proposed alternatives as appropriate, Tripadvisor said in its Q1 earnings release.

The update comes after reports in March that Tripadvisor (TRIP) has been working with advisers after receiving takeover interest. The reports followed after Tripadvisor in February announced it formed a special committee to evaluate acquisition proposals. Gregory Maffei's Liberty TripAdvisor (OTCQB:LTRPA) which owns 21% of TRIP and has 57% voting control of TRIP, also announced it's considering a transaction whereby all LTRPA and TRIP shares would be purchased for cash.

Private equity is the most likely buyer of Tripadvisor (TRIP) and the company has a sum-of-the-parts valuation of $25 a share, Wells Fargo analyst Brian Fitzgerald wrote in a note in February.