American Express Global Business Travel Going Private in $6.3 Billion Deal

Date:

The American Express headquarters in New York, New York. John Moore/Getty ImagesAmerican Express Global Business Travel (Amex GBT) is being taken private after Long Lake Management agreed to acquire the company for around $6.3 billion, according to an announcement on March 4.Amex GBT is managed by Global Business Travel Group (GBTG), whose stock jumped 57.5 percent, to $9.34, the same day as more than 81 million shares were traded.

spot_imgspot_imgspot_img

Share post:

More like this
Related

United States to Address Human Rights During China Visit

Secretary of State Marco Rubio confirmed that addressing human...

UnitedHealthcare Trims Prior Authorization Requirements by 30 Percent Across Services

A view of the UnitedHealth Group Inc.'s campus is...

Coinbase Cuts 700 Workers, Joins Tech Layoff Wave Driven by AI Adoption

The mobile phone icon for the Coinbase application. Richard...

CCP Plans to Bring Up Taiwan and Strait of Hormuz in Upcoming Trump-Xi Summit: Insider

U.S. forces patrol the Arabian Sea near M/V Touska...