Sabre to acquire the Trust Group
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Sabre (SABR) Announces Acquisition of Trust Group; Mizuho Securities Reiterates Buy
November 24, 2015 11:14 AM ESTMizuho Securities reiterated a Buy rating and $35.00 price target on Sabre Corporation (NASDAQ: SABR) following the company's announced acquisition of Trust Group for $154m. The acquisition will give the company greater presence in central reservations, revenue management and hotel marketing arenas.... More
Sabre (SABR) to Acquire Trust Group of Companies for $154M
November 24, 2015 8:32 AM ESTSabre Corporation (NASDAQ: SABR) today announced that it has entered into a definitive agreement to acquire the Trust Group of Companies, a central reservations, revenue management and hotel marketing provider with a significant presence in EMEA and Asia Pacific. The acquisition will include Trust International, InnLink and Nexus.
"Acquiring the Trust Group is consistent with our stated goal of building on Sabre Hospitality Solutions' global leadership position, and this combination will enable us to grow faster," said Tom Klein, president and chief executive officer of Sabre. "The Trust Group is one of the... More
