Home > GDS > Sabre’s key investors TPG and Silver Lake will sell 20M shares

Sabre’s key investors TPG and Silver Lake will sell 20M shares

02/03/2015| 4:10:55 PM| 中文

In recent weeks, Sabre Holdings has seen its stock flirt with its highest prices since its initial public offering in April 2014. It closed today at $20 a share, up from $16.

TPG and Silver Lake, which together own about 79% of Sabre’s shares, feel that this is an ideal time to take some profits from their investment in the Dallas-based travel technology giant, according to a company filing today.

They plan to sell 20 million shares of Sabre stock. The sale, which, if valued at today’s market closing price, would be $400 million, will leave the two companies with about 72% ownership.

TPG will remain the larger of the two shareholders after the sale, with about a third of the shares, and Silver Lake with nearly a fifth.

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TAGS: Sabre | GDS | TPG | Silver Lake
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