Sabre Holdings Corporation
(NYSE: TSG) has announced that it has completed the previously announced short-form merger which resulted in Travelocity becoming a wholly owned Sabre company.
The merger follows the company`s successful cash tender offer of $28 per share for the outstanding publicly held shares of Travelocity.com Inc. common stock that Sabre did not own.
The merger results in the automatic conversion of the remaining publicly held shares of Travelocity.com
into the right to receive $28 per former Travelocity share. Stockholders who did not tender their shares of Travelocity stock in the tender offer will receive relevant information in the mail on how to receive payment for their shares. Travelocity.com Inc. (Nasdaq: TVLY) will be delisted from the Nasdaq exchange.
Related stories on ITN:
(09/04/2002) Sabre Completes Successful Offer for Travelocity.com Outstanding Shares
(07/03/2002) Sabre Bids to Buy Rest of Travelocity
(05/02/2002) Travelocity Reports Sabre`s Proposal is Inadequate