Sabre wins court fight with Justice Department over Farelogix acquisition [Reuters]
Sabre Corporation (SABR)
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Source: Reuters
Sabre wins court fight with Justice Department over Farelogix acquisition WASHINGTON (Reuters) - A U.S. judge has ruled that travel technology firm Sabre Corp ( SABR.O ) may purchase Farelogix 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 did not immediately respond to a request for comment. In its lawsuit filed in August 2019, the government had said that Sabre, the dominant provider of booking services in
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SABR
News
- Sabre Corporation Announces Early Participation Results and Upsize of the Previously Announced Exchange Offers for Certain Senior Secured Debt Securities [Yahoo! Finance]Yahoo! Finance
- Sabre Corporation Announces Early Participation Results and Upsize of the Previously Announced Exchange Offers for Certain Senior Secured Debt SecuritiesPR Newswire
- Taiwan's EVA Air activates NDC connection with Sabre [Yahoo! Finance Canada]Yahoo! Finance Canada
- Taiwan's EVA Air activates NDC connection with Sabre [Yahoo! Finance]Yahoo! Finance
- Taiwan's EVA Air activates NDC connection with SabrePR Newswire
SABR
Earnings
- 11/1/24 - Beat
SABR
Sec Filings
- 11/18/24 - Form 4
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- SABR's page on the SEC website