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The latest announcement is out from Global Business Travel Group ( (GBTG) ).
On February 18, 2025, Global Business Travel Group announced that the UK Competition and Markets Authority provisionally found no competition concerns with its planned acquisition of CWT Holding, LLC, with a final decision expected by March 9, 2025. Meanwhile, the company is facing a legal challenge from the U.S. Department of Justice seeking to block the transaction. Amex GBT’s leadership believes the acquisition will enhance innovation and value in business travel, despite the DOJ’s opposition.
More about Global Business Travel Group
Amex GBT, operated by Global Business Travel Group, Inc., is a leading software and services company specializing in travel, expense, and meetings & events. It offers a comprehensive marketplace in travel, providing technology-driven solutions across more than 140 countries.
YTD Price Performance: -2.29%
Average Trading Volume: 705,753
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.21B
See more data about GBTG stock on TipRanks’ Stock Analysis page.
