(Il Sole 24 Ore Radiocor) - Milano, 4 mag - American Express Global Business Travel (Amex GBT) said it had agreed to be acquired by Long Lake Management in an all-cash transaction valued at around 6.3 billion dollars.

Under the terms of the agreement, Amex GBT shareholders will receive 9.50 dollars per share in cash, a 60.2% premium to Amex GBT's closing stock price on May 1.

The deal is expected to close in the second half of 2026.

Upon completion, Amex GBT's common stock will no longer be publicly listed.

In a separate statement, American Express said it will sell its stake of around 30% in Amex GBT following the deal.

Upon closing of the transaction, American Express expects to receive proceeds of approximately 1.5 billion dollars and to.

recognize a pretax gain of approximately 975 million.

(RADIOCOR) 04-05-26 15:04:54 (0385) 5 NNNN