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 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