Sabre Holdings Corp. will offer $23 a share for the 30% of Travelocity it does not currently own. With 15 million shares not currently owned by Sabre, the cost to acquire the rest of Travelocity would be $345 million. The deal is expected to close by March 5. Sabre, which is headquartered in Southlake, TX, provides technology, distribution and marketing services for the travel industry. Travelocity
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Sabre Holdings Corp. will offer $23 a share for the 30% of Travelocity it does not currently own. With 15 million shares not currently owned by Sabre, the cost to acquire the rest of Travelocity would be $345 million.
The deal is expected to close by March 5.
Sabre, which is headquartered in Southlake, TX, provides technology, distribution and marketing services for the travel industry. Travelocity provides Internet and wireless reservations services.
