Fly News Breaks for February 28, 2020
Feb 28, 2020 | 07:14 EDT
Mizuho analyst Matthew Broome lowered the firm's price target on Sabre to $18.50 from $27 and keeps a Buy rating on the shares. The analyst views the company's Q4 results as "lackluster" but continues to expect Sabre to realize significant operating benefits once it exits its legacy data center facility in 2023.
News For SABR From the Last 2 Days
Oct 28, 2021 | 08:14 EDT
CAE (CAE) is acquiring Sabre's (SABR) AirCentre airline operations portfolio, a suite of flight and crew management and optimization solutions. The agreement, valued at $392.5M excluding post-closing adjustments, includes the Sabre AirCentre product portfolio, related technology and intellectual property as well as the transfer of AirCentre's workforce. AirCentre generated approximately $150M revenue in the 2019 calendar year and approximately $55M EBITDA for the same period. The closing of the transaction is expected in 1Q22 and is subject to customary conditions and regulatory approvals. CAE expects that the transaction will be mid-single-digit percentage EPS accretive, and even higher free cash flow accretive, for CAE within the first year post-closing.