|Bid||23.10 x 3200|
|Ask||23.11 x 2200|
|Day's Range||22.99 - 23.26|
|52 Week Range||19.41 - 26.62|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||26.29|
|Forward Dividend & Yield||0.56 (2.43%)|
|1y Target Est||N/A|
Sabre said this week that the U.S Department of Justice suit to block the company's acquisition of tech vendor Farelogix was "fatally flawed" and denied all of the allegations. The lawsuit, which the Justice Department launched on Aug. 20, alleged the $360 million merger would give Sabre too much control in airline distribution technology. Sabre's […]
Amdocs' (DOX) solutions will help Altice Portugal modernize operations across its wireless, wireline, broadband Internet and television lines of business for consumers and enterprise customers.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Britain's competition watchdog on Monday launched an investigation into the U.S. travel technology provider Sabre Corp's proposed $360 million acquisition of smaller rival Farelogix Inc, saying the deal could raise prices for platforms used by airlines and travel agents to sell tickets. The UK Competition and Markets Authority's investigation follows an initial review of the deal by the regulator last month and comes two weeks after the U.S. Justice Department sued to block the merger, escalating pressure on the companies to call off the combination. Both Sabre and Farelogix provide information technology systems that allow hotel and airline bookings through travel agencies.
The lab will be the headquarters for Sabre Labs, which is run by former Google executive Sundar Narasimhan.
The U.S. Department of Justice is suing to block Sabre's $360 million acquisition of Farelogix. In a suit filed Wednesday, federal government attorneys said they have obtained text messages where Sabre executives acknowledged that acquiring Farelogix would eliminate a competitive threat and further entrench Sabre in booking services. On the day Sabre announced its intention to […]
While the feds are preparing to stop Sabre's $360 million deal for Farelogix, the Southlake company struck back, saying the DOJ's claims "lack a basis in reality and reflect a fundamental misunderstanding of the industry."
Last week, Sabre said it planned to close the deal announced in November by Wednesday unless the Justice Department sued. The companies agreed last week to extend the termination date of their acquisition agreement to April 30 to allow time for any Justice Department challenge to be resolved. The suit, filed in U.S. District Court in Delaware, said the firms compete head-to-head to provide booking services to airlines, including offering IT solutions that allow airlines to sell tickets and ancillary products through traditional brick-and-mortar and online travel agencies to the traveling public.
Sabre may be heading to court over its proposed deal to buy Farelogix after all. The U.S. Justice Department is preparing to sue to block Sabre Corp.’s (Nasdaq: SABR) proposed acquisition of Farelogix over concerns the deal will harm competition, Bloomberg reported Friday, citing a person familiar with the matter. The move would follow Sabre’s decision to inform the DOJ was planning to wrap the acquisition Aug. 21.
Budget airline Spirit Airlines last week bought more airline technology from Sabre, signaling that the tech vendor's sales team is abandoning its defensive mode. Texas-based Sabre is now seeking an increased wallet share of existing customers. The trend is a turnabout. For years, carriers complained about Sabre's tech. The tools aim to help airlines with […]
'We believe we have done all we can to address the DOJ's concerns,' Sabre Corp. CEO Sean Menke said in a statement.
Sabre is frustrated that the U.S. Department of Justice has held up its acquisition of Farelogix. Nine months ago it had proposed buying the airline distribution technology specialist. So on Wednesday the travel technology giant said it would go ahead with the $360 million acquisition on August 21. "Over the past nine months, we believe […]
Sabre's (SABR) renewal of partnership with Croatia Airlines reflects its continued efforts to enhance the highly profitable Airlines Solutions segment.
Sabre Corporation (SABR) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Sabre (SABR) second-quarter results gain from growth across each of its business segments. However, high technology costs and incentives fees keep margins under pressure.