Sabre Corp
SABR: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <.G | LOCK|>>& | LOCK|W$@RS#g |
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.
