Stars (NASDAQ:TSG)
Historical Stock Chart
From Oct 2019 to Oct 2024
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.