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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Mar. 29, 9:07 AM

Slide #34. Global Business Travel Group, Inc. CWT

Acquirer: Global Business Travel Group, Inc. (NYSE:GBTG)
Acquiree: CWT
Details: American Express Global Business Travel ("Amex GBT"), which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading B2B software and services company for travel and expense, has today announced it entered into a definitive agreement to acquire CWT, a global business travel and meetings solutions provider, in a transaction that values CWT at approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments. The transaction will be funded by a combination of stock and cash and is expected to close in the second half of 2024, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.

Global Business Travel Group is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

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Company Name:  Global Business Travel Group Inc
Sector:  Investment Brokerages
Number of ETFs Holding GBTG:  9
Total Market Value Held by ETFs:  $11.78M
Total Market Capitalization:  $2.89B
% of Market Cap. Held by ETFs:  0.41%
 

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March 29, 2024    9:07 AM Eastern
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Strong Buy (3.50 out of 4)
58th percentile
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