Sabre Corp

SABR: XNAS (USA)
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Sabre: Shares Soar as Hospitality Sale Alleviates Debt Concerns; Shares Attractive

Sabre shares rocketed 15% on April 28 after the company announced the sale of its hospitality IT business to TPG for $960 million in net proceeds, expected to primarily be used to reduce debt. The deal is expected to close by the end of the third quarter.

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