SOUTHLAKE, Texas–(BUSINESS WIRE)–March 30, 2007–Sabre Holdings
(NYSE:TSG) today announced the completion of the acquisition of the
company by affiliates of Silver Lake and TPG.
At a special meeting of stockholders held Thursday, the company’s
stockholders voted to approve the acquisition and adopt the agreement
under which Sabre Holdings stockholders are entitled to receive $32.75
per share in cash for each share of the company’s common stock,
without interest and subject to applicable tax withholding. The shares
that were voted in favor of the acquisition represented approximately
62 percent of the total number of shares outstanding and entitled to
vote, and approximately 87 percent of the shares that were voted.
On April 2, the company intends to deregister and delist Sabre
Holdings common stock and deregister the company’s 2011 and 2016
senior unsecured notes. After settlement of share transfers that
occurred before March 30, there will be no further transfers of the
company’s stock. Although it will no longer be a public entity, the
company still plans to provide periodic financial updates on its web
American Stock Transfer & Trust Company (AST) will act as the
paying agent to distribute the cash acquisition consideration for
shares of the company’s stock. Shareholders will be contacted by AST
or their bank, broker or other holder of record with instructions on
how to surrender stock certificates for the acquisition consideration.
Stockholders should not send stock certificates without a letter of
transmittal from the paying agent. For more information, shareholders
should contact their bank, broker or other holder of record, or call
AST at 718-921-8317 or toll free at 877-248-6417.
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.
More information is available at http://www.sabre-holdings.com.
CONTACT: Sabre Holdings
Mike Berman, 682-605-2397
Karen Fugate, 682-605-2343
SOURCE: Sabre Holdings