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Amex GBT to acquire CWT - TravelDailyNews International

Stay updated with the latest global travel and hospitality industry insights. Since 1999, TravelDailyNews International brings you comprehensive news, trends, and analysis to empower travel professionals worldwide. ....

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AMEX GBT to acquire CWT

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. ....

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Citi Reiterates Buy Rating on Global Business Travel Group Inc. (GBTG), 'Overlooked Opportunity Gets More Attractive'

Citi Reiterates Buy Rating on Global Business Travel Group Inc. (GBTG), 'Overlooked Opportunity Gets More Attractive'
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Amex GBT to Acquire CWT

Transaction value of approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments



Acquisition to provide CWT customers with more. ....

Patrick Andersen , Paul Abbott , Company Form , Global Business Travel Group Inc , American Express Global Business Travel , Global Business Travel Group , Express Global Business Travel , Redwood Capital Management , Monarch Alternative Capital , Private Securities Litigation Reform Act , Middle East ,

Global Business Travel: Amex GBT To Buy CWT In $570 Mln Deal

B2B software and services company Global Business Travel Group, Inc. (GBTG) announced Monday that its American Express Global Business Travel or Amex GBT has entered into a definitive agreement to acquire CWT, a business travel and meetings solutions provider, in a transaction valued at around $570 million on a cash-free, debt-free basis. ....

Global Business Travel Group Inc , Global Business Travel Group , American Express Global Business Travel ,