India, May 4 -- American Express Global Business Travel or Amex GBT, which is operated by Global Business Travel Group, Inc. (GBTG), a leading software and services company for travel, announced Monday that it has entered into a definitive agreement to be acquired by Long Lake Management in an all-cash transaction valued at approximately $6.3 billion.
Under the terms of the agreement, Amex GBT shareholders will receive $9.50 per share in cash, which represents a 60.2 percent premium to Amex GBT's closing stock price on May 1, 2026, the last full trading day prior to the transaction announcement.
The acquisition combines Long Lake's applied AI capabilities with Amex GBT's marketplace, customer relationships and technology solutions to make...