UPDATE 2-Sabre wins court fight with U.S. Justice Dept over Farelogix acquisition [Reuters]
Sabre Corporation (SABR)
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Source: Reuters
Sabre wins court fight with U.S. Justice Dept over Farelogix acquisition WASHINGTON (Reuters) - A U.S. judge has ruled that travel technology firm Sabre Corp ( SABR.O ) may purchase software firm Farelogix Inc, after the Justice Department sued to stop the planned $360 million acquisition. Judge Leonard Stark of the U.S. District Court in Delaware said in a brief order on Tuesday that he had ruled for the defendant, which is to say the companies. The opinion was sealed. Sabre in a statement said it welcomed the decision and was waiting to hear from a British antitrust enforcer this week. “This federal court ruling supports our view that the Sabre-Farelogix acquisition is not anti-competitive. We appreciate the consideration the court gave to these important issues,” said Kristin Hays, a spokeswoman for Sabre. The Justice Department said it would review the decision and consider its next steps, while reiterating concerns that the deal would lead to higher prices and less innovation.
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SABR
News
- Sabre Co. (NASDAQ: SABR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Garuda Indonesia selects three advanced fares management solutions from Sabre [Yahoo! Finance]Yahoo! Finance
- Garuda Indonesia selects three advanced fares management solutions from SabrePR Newswire
- Sabre and American Airlines extend IT partnership; multi-year agreement paves way for joint technology modernization and innovationPR Newswire
- Thai Airways expands technology agreement with Sabre by adopting advanced fare management solutions [Yahoo! Finance]Yahoo! Finance
SABR
Earnings
- 11/1/24 - Beat
SABR
Sec Filings
- 12/2/24 - Form 8-K
- 11/18/24 - Form 4
- 11/13/24 - Form SC
- SABR's page on the SEC website