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    Alexander NordhagenBalyasny Asset Management

    Alexander Nordhagen's questions to LTRPA leadership

    Alexander Nordhagen's questions to LTRPA leadership • Q2 2024

    Question

    Alexander Nordhagen from Balyasny Asset Management questioned the future of Liberty TripAdvisor's Series A preferred stock post-March 2025 and asked if the holding company structure negatively impacts TripAdvisor's stock valuation.

    Answer

    Gregory Maffei, Liberty's President and CEO, declined to comment on the preferred stock's future, citing ongoing discussions with TripAdvisor and Certares. However, he did agree that the potential issues around the Liberty TripAdvisor holding structure are likely a 'cloud' on TripAdvisor's stock.

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