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NEWS RELEASE
Contacts
Leslie Price Dan Toporek
Sabre GetThere
(817) 931-9503 (650) 752-1627
[email protected] [email protected]
HART-SCOTT-RODINO WAITING PERIOD ENDS
FOR SABRE TENDER OFFER FOR
SHARES OF GETTHERE
Fort Worth, TX. -- September 13, 2000 - Sabre Holdings Corporation (NYSE: TSG)
announced today the early termination - on September 12, 2000 - of the waiting
period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in
connection with the acquisition of GetThere Inc. (NASDAQ: GTHR) by Sabre.
On September 11, 2000, Sabre commenced a cash tender offer for all of the
outstanding shares of GetThere, at a price of $17.75 per share. The tender
offer is scheduled to expire at 12:00 midnight, Eastern time, on Friday,
October 6, 2000, unless extended. The tender offer is subject to customary
conditions, including the tender of a majority of GetThere shares on a fully
diluted basis. Sabre has concluded that no other regulatory filings or
approvals are required in order to close the transaction.
Following completion of the tender offer, Sabre intends to consummate a second
step merger in which the non-tendering GetThere shareholders will receive the
same cash price paid in the tender offer.
The Offer to Purchase is available from D.F. King & Co., the information agent
for the tender offer. GetThere shareholders may call D.F. King at (800)
928-0153 (toll free).
ABOUT SABRE
Sabre is the global leader in applying information technology to meet the
needs of the travel and transportation industries with advanced and
innovative technology skills to deliver progressive solutions. Headquartered
in Dallas/Fort Worth, Texas, the company has approximately 10,000 employees
worldwide who span 45 countries. Sabre reported 1999 revenues of $2.4 billion,
up 5.6 percent from 1998. Net earnings excluding special items were
$264 million, up 15.2 percent from the prior year. More information on Sabre
is available on the World Wide Web at http://www.sabre.com. Sabre and the
Sabre logo are registered trademarks of an affiliate of Sabre. Sabre
maintains a 70% ownership interest in Travelocity.com (Nasdaq: TVLY), the
world's leading online B2C travel site.
ABOUT GETTHERE
GetThere operates one of the world's largest Internet marketplaces focused on
business-to-business travel services. GetThere's systems are used to provide
online travel procurement to employees at leading corporations such as Boeing,
Chevron, Cisco, Cox Enterprises, Lucent,
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MetLife, Nike and Xerox. GetThere also powers online travel sites for leading
airlines, including Alitalia, All Nippon Airways, America West, British
Airways, Northwest Airlines, TWA and United Airlines. GetThere can be found
on the Web at http://www.GetThere.com.
# # #
This news release is for informational purposes only. It does not constitute
an offer to purchase shares of GetThere or a solicitation/recommendation
statement under the rules and regulations of the U.S. Securities and Exchange
Commission (the "SEC"). Sabre commenced the tender offer and filed with the
SEC a tender offer statement on September 11, 2000. GetThere filed with the
SEC on September 11, 2000 a solicitation/recommendation statement in response
to that tender offer. THOSE DOCUMENTS CONTAIN IMPORTANT INFORMATION AND
SECURITY HOLDERS OF GETTHERE ARE ADVISED TO CAREFULLY READ THOSE DOCUMENTS
BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.
The offer to purchase and other offer documents included in the tender offer
statement, as well as the solicitation/recommendation statement, are available
to all shareholders of GetThere at no expense to them. Shareholders may
obtain a free copy of the solicitation/recommendation statement and other
documents filed by GetThere or Sabre with the SEC at the SEC's web site at
http://www.sec.gov. Free copies of the offer to purchase and
solicitation/recommendation statement may also be obtained from D.F. King &
Co., the information agent for the tender offer, by calling 800.928.0153 (toll
free). Free copies of the solicitation/recommendation statement and other
filings by GetThere with the SEC may also be obtained by directing a request
to GetThere Inc., 4045 Campbell Avenue, Menlo Park, California 94025,
Attention: Investor Relations, Telephone: 650.752.1500.
Statements in this news release that are not purely historical facts,
including statements about anticipated or expected future revenue and earnings
growth, are forward looking statements. All forward-looking statements in
this release are based upon information available to Sabre and GetThere on the
date of this release. Any forward looking statements involve risks and
uncertainties that could cause actual events or results to differ materially
from the events or results described in the forward looking statements,
including risks related to: maintaining existing GetThere customer and
employee relationships; competition and technological innovation by
competitors; risks related to technology, including the integration of the
Sabre and GetThere technology; seasonality of the travel industry and booking
revenues; sensitivity to general economic conditions and events that affect
airline travel; risks associated with international operations; and legal and
regulatory issues. Further information regarding factors that could affect
Sabre's financial and other results is included in Sabre's and GetThere's
filings with the SEC. Sabre and GetThere undertake no obligation to publicly
update or revise any forward looking statements, whether as a result of new
information, future events or otherwise. Readers are cautioned not to place
undue reliance on forward-looking statements.
