Sabre Adopts One-Year Shareholder Rights Plan; Stock Rockets 32.6%
Sabre Corporation enacted a one-year shareholder rights plan after Constellation Software accumulated a 9.7% economic position in the travel-technology company. The move, announced amid a breakdown in negotiations between the two firms, sent Sabre shares up 32.6% on Monday as the board aims to protect long-term shareholder interests while remaining…