United Kingdom
United States
Asia Pacific
Sabre acquires remaining Travelocity shares
Tuesday, 09 Apr, 2002
0
Sabre has been successful in its $491million bid to acquire the Travelocity shares it did not already own.
It has increased its ownership from 70% to around 96% of Travelocity stock, after upping its initial bid of $23 and offering shareholders $28 per share. Sabre only needed to acquire 90% of the company to take the travel website back into private ownership.
In a statement the company said it now expects to complete a “short-form” merger in which Travelocity will become a wholly owned Sabre company. Completion of the merger is expected on April 11.
See our previous story:
19 Mar 2002: Sabre increases bid for remaining Travelocity shares
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’