Friday, June 15, 2007

Expedia shares up, speculation of going private

(Reuters) - Devitt, who has a "buy" rating on the stock with a price target of $29, said in a note that Stifel Nicolaus was not commenting on the speculation other than "suggesting independently that a deal makes sense."




Devitt said the company has long been in discussions about Liberty Media Corp's 22 percent stake and that TripAdvisor does not receive anything close to its implied valuation of at least $900 million.


Read more at Reuters.com Hot Stocks News

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