02.09.2019 14:29:41

CMA To Conduct Phase 2 Investigation On Farelogix-Sabre Deal - Quick Facts

(RTTNews) - The Competition and Markets Authority, or the CMA, has decided to refer an in-depth investigation with respect to the acquisition of Farelogix Inc by Sabre Corp (SABR). The CMA has decided to conduct a phase 2 investigation.

The CMA has stated that it does not believe that the undertakings offered by Sabre and Farelogix would achieve as comprehensive a solution to address the substantial lessening of competition due to the proposed merger.

In August, the companies extended the termination date of the acquisition agreement to April 30, 2020.

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