Reports of deal to buy out Sabre send shares soaring
USA TODAY, December, 2006 by Roger Yu
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Shares of Sabre Holdings, owner of travel-reservation website Travelocity.com, rose 7.5% Monday on the heels of published reports that a group of private equity firms is in advanced talks to buy the company for billions of dollars. The New York Times said Texas Pacific Group and Silver Lake Partners are among those interested in bidding for Sabre.
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Sabre and the private equity firms declined to comment publicly. But a person familiar with the deal said the firms were still negotiating and that a deal could be announced soon. The person declined to be identified because the deal was still pending. Shares of Sabre jumped $2.11 Monday to close at $30.43 as investors bought on speculation that the final purchase price could be higher than Sabre's market value of $3.75 billion, based on Friday's closing price. Southlake, Texas-based Sabre is one of several companies that compete in the market to offer ...
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