Sabre (SABR) Announces Acquisition of Trust Group; Mizuho Securities Reiterates Buy
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Notable Mergers and Acquisitions 11/24: (PF)/(BDBD) (SABR) (SUNE)/(GLBL) (MSFG)/(CHEV)
November 24, 2015 10:09 AM EST* Pinnacle Foods Inc. (NYSE: PF) and Boulder Brands, Inc. (Nasdaq: BDBD) today announced that they have entered into a definitive agreement for the acquisition of Boulder Brands by Pinnacle Foods, in a strategic, synergy-rich transaction that expands Pinnacle's presence in growing and complementary health and wellness categories. The transaction also expands Pinnacle's presence in the natural and organic retail channel and provides Pinnacle with a new growth platform in refrigerated foods.
Under the terms of the agreement, Pinnacle Foods intends to launch... More
Sabre (SABR) to Acquire Trust Group of Companies for $154M
November 24, 2015 8:32 AM ESTSabre Corporation (NASDAQ: SABR) today announced that it has entered into a definitive agreement to acquire the Trust Group of Companies, a central reservations, revenue management and hotel marketing provider with a significant presence in EMEA and Asia Pacific. The acquisition will include Trust International, InnLink and Nexus.
"Acquiring the Trust Group is consistent with our stated goal of building on Sabre Hospitality Solutions' global leadership position, and this combination will enable us to grow faster," said Tom Klein, president and chief executive officer of Sabre. "The Trust Group is one of the... More
