Sabre Corporation has announced its intent to close a deal to acquire Farelogix on 21 August, warning the US Department of Justice (DOJ) that it will need to file a complaint by this date if it intends to do so.
The DOJ has been carrying out a “lengthy and exhaustive review of the transaction” since it was announced in November 2018, according to Sabre, but the company said the department will need to file a complaint in a federal court before the deal closes if it plans to block the purchase.
Sabre says it has been working with the DOJ to “demonstrate to them the unquestionable value of the transaction to its airline and agency customers, consumers and the travel ecosystem”.
It claims the combined company will drive faster innovation and allow airlines to accelerate their growth and profitability while providing better service to customers.”
Sabre and Farelogix have agreed to extend the termination date of their acquisition agreement to 30 April 2020 to allow time for any challenge by the DOJ to be resolved.
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