Sabre Holdings Announces Expiration of Hart-Scott-Rodino Waiting Period for Proposed Sale to TPG and Silver Lake Partners
January 30 2007 - 4:29PM
Business Wire
Sabre Holdings (NYSE:TSG) today announced that, with respect to its
proposed sale to Texas Pacific Group (TPG) and Silver Lake
Partners, the waiting period required under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 has expired without a request
for additional information. As announced on December 12, 2006, the
Company has entered into a definitive agreement for the sale of
Sabre Holdings for $32.75 per share in cash. The transaction is
expected to close early in the second quarter of 2007, subject to
the satisfaction of other previously disclosed closing conditions.
About Sabre Holdings Sabre Holdings connects people with the
world's greatest travel possibilities by retailing travel products
and providing distribution and technology solutions for the travel
industry. Sabre Holdings supports travelers, travel agents,
corporations, government agencies and travel suppliers through its
companies: Travelocity, Sabre Travel Network and Sabre Airline
Solutions. Headquartered in Southlake, Texas, the company has
approximately 9,000 employees in 45 countries. Full-year 2005
revenues totaled $2.5 billion. Sabre Holdings, an S&P 500
company, is traded on the NYSE under the symbol TSG. More
information is available at http://www.sabre-holdings.com. About
Silver Lake Partners Silver Lake Partners is the leading private
equity firm focused exclusively on large-scale investing in
technology, technology-enabled, and related growth industries.
Silver Lake seeks to achieve superior returns by investing with the
strategic insight of an experienced industry participant, the
operating skill of a world-class manager and the financial
expertise of a disciplined private equity investor. Silver Lake's
mission is to function as a value-added partner to the management
teams of the world's leading technology franchises. Its portfolio
includes or has included technology industry leaders such as
Ameritrade, Avago, Business Objects, Flextronics, Gartner,
Instinet, IPC Systems, MCI, NASDAQ, Network General, NXP, Seagate
Technology, Serena Software, SunGard Data Systems, Thomson and UGS.
For more information, please visit www.silverlake.com. About TPG
TPG is a private investment partnership that was founded in 1992
and currently has more than $30 billion of assets under management.
With offices in San Francisco, London, Hong Kong, Fort Worth and
other locations globally, TPG has extensive experience with global
public and private investments executed through leveraged buyouts,
recapitalizations, spinouts, joint ventures and restructurings. TPG
seeks to invest in world-class franchises across a range of
industries, including travel (America West, Continental, Hotwire),
technology (Freescale Semiconductor, Lenovo, MEMC, ON
Semiconductor, Seagate, SunGard), financial services (Ariel
Reinsurance, Fidelity National Information Services, LPL Financial
Services), industrials (Altivity Packaging, British Vita, Grohe,
Kraton Polymers, Texas Genco), retail/consumer (Debenhams, Ducati,
J. Crew, Neiman Marcus, Petco), media and communications (Findexa,
MGM, TIM Hellas), and healthcare (IASIS Healthcare, Oxford Health
Plans, Quintiles Transnational), among others. Visit
www.texaspacificgroup.com. Legal Notice In connection with the
proposed merger of Sabre Holdings Corporation ("Sabre Holdings")
with affiliates of Texas Pacific Group and Silver Lake Partners,
Sabre Holdings filed a preliminary proxy statement with the
Securities and Exchange Commission on January 16, 2007. INVESTORS
AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE PRELIMINARY
PROXY STATEMENT, AND THE DEFINITIVE PROXY STATEMENT WHEN IT BECOMES
AVAILABLE, BECAUSE THE PRELIMINARY PROXY STATEMENT CONTAINS, AND
THE DEFINITIVE PROXY STATEMENT WILL CONTAIN, IMPORTANT INFORMATION.
Investors and security holders may obtain a free copy of the
preliminary proxy statement and the definitive proxy statement
(when available) and other documents filed by Sabre Holdings at the
Securities and Exchange Commission's Web site at
http://www.sec.gov. The preliminary proxy statement and the
definitive proxy statement (when available) and such other
documents may also be obtained for free by directing such requests
to the Sabre Holdings investor relations department at
866-722-7347, or on the company's website at
www.sabre-holdings.com/investor. Sabre Holdings and its directors,
executive officers and certain other members of its management and
employees may be deemed to be participants in the solicitation of
proxies from its stockholders in connection with the proposed
merger. Information regarding the interests of such directors and
executive officers is included in the preliminary proxy statement,
and information concerning all of Sabre Holdings participants in
the solicitation will be included in the definitive proxy statement
relating to the proposed merger when it becomes available. Each of
these documents is, or will be, available free of charge at the
Securities and Exchange Commission's Web site at www.sec.gov and
from the Sabre Holdings investor relations department at
866-722-7347, or on the company's website at
www.sabre-holdings.com/investor.
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