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"As of the date hereof, we are involved in active negotiations for a potential non-U.S. acquisition within the Travel Network business segment for which it is possible that we will enter into an agreement in the second quarter of 2015. If consummated, we anticipate that the acquisition would close in the second or third quarter of 2015 and require approximately $500 million in funds, including advisory and financing costs. We expect to meet these funding needs through some combination of cash on hand, revolver draw and debt financing. With respect to our consolidated income statement for the year ended December 31, 2014, on a pro forma basis, we expect the acquisition would have resulted in a revenue increase of approximately $0.25 billion and would have resulted in a modest increase in Adjusted EBITDA. In 2015, we expect the transaction would be approximately neutral to Adjusted EPS, and would have a positive impact on Adjusted EPS thereafter. Both Adjusted EBITDA and Adjusted EPS exclude customary costs such as transaction and restructuring costs and the amortization of intangibles. We cannot assure you that this acquisition will occur on the terms described herein or at all or that it will have the expected impact on our financial results as described above."

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