Jun. 16 at 7:46 PM
$SABR Constellation Software Inc., a Toronto-based holding company, holds a 12.7% stake in Sabre. Following initial stock accumulation and a subsequent board representation push by Constellation, the two companies entered into a strategic governance agreement. Constellation agreed to a standstill that limits its total ownership and economic exposure to a 15% cap during the agreement period. With the integration of a Constellation executive on the board, the firm has transitioned its involvement from standard acquisition activity to direct collaboration with the major travel technology player.
