Brief: Amex GBT To Acquire CWT

Global Business Travel

25/03/2024 13:23

March 25 (Reuters) - Global Business Travel Group Inc
 GBTG.N :
    * AMEX GBT TO ACQUIRE CWT
    * AMERICAN EXPRESS GLOBAL BUSINESS TRAVEL:  PROPOSED DEAL
FOR THAT
VALUES CWT AT ABOUT $570 MILLION ON A CASH-FREE, DEBT-FREE BASIS
    * AMERICAN EXPRESS GLOBAL BUSINESS TRAVEL: TRANSACTION TO BE
FUNDED BY A COMBINATION OF STOCK AND CASH AND IS EXPECTED TO
CLOSE IN SECOND HALF OF 2024
    * AMERICAN EXPRESS GLOBAL BUSINESS TRAVEL: DEAL EXPECTED TO
BE
BREAK-EVEN TO EARNINGS PER SHARE IN FIRST YEAR OF CLOSE AND
ACCRETIVE THEREAFTER

Source text for Eikon:  ID:nBw1cLMnQa 
Further company coverage:  GBTG.N 

 ((Reuters.Briefs@thomsonreuters.com;))