May. 4 at 8:09 PM
$GBTG in a
$6.3B all-cash take-private deal by Long Lake Management for
$9.50/share,
Stockholders - including
$AXP $EXPE $BLK & Qatar Investment Authority & collectively own 65% of outstanding shares—have entered voting agreements to support the transaction
Amex GBT said the merger, expected to close in 2H26, was unanimously recommended by a special committee of independent directors & approved by its board
Separately, American Express said it will sell its roughly 30% equity stake in Global Business Travel Group as part of the transaction
Upon closing, American Express expects proceeds of about
$1.5B & a pre-tax gain of approximately
$975M & wasn’t included in its previously issued FY26 earnings guide
Financial Advisors to Long Lake:
$C (Lead), JP Morgan & BoA