Sabre Corporation Adopts Shareholder Rights Plan with Preferred Stock Distribution

Sabre Corporation (NASDAQ: SABR), a provider of travel technology solutions, has adopted a shareholder rights plan that will distribute one preferred share purchase right for each outstanding common share, the company announced March 1, 2026. Read more dividend announcements.

Under the plan, each right entitles the holder to purchase one one-thousandth of a share of newly designated Series B Preferred Stock at $7.00 per fractional share. The rights will be distributed to shareholders of record on March 11, 2026, and will initially trade with the company's common shares.

The rights plan, governed by an agreement with Equiniti Trust Company as rights agent, creates a new class of 500,000 authorized shares of Series B Preferred Stock. Each fractional preferred share is designed to have economic and voting rights equivalent to 1,000 shares of common stock.

Rights Plan Structure

The rights will remain attached to Sabre's common shares until a distribution date is triggered. No separate certificates will be issued initially, and the rights will transfer automatically with common share transactions.

Holders of the Series B Preferred Stock will be entitled to quarterly cash dividends equal to 1,000 times the per-share dividend paid on common stock. Dividends are payable on the last day of March, June, September, and December.

The preferred shares carry cumulative dividend rights, meaning any unpaid dividends will accrue over time, though they will not bear interest.

Key Distribution Details

Shareholder rights plans, commonly known as poison pills, are typically adopted as defensive measures to protect against unsolicited takeover attempts by making acquisitions more expensive for potential acquirers.