Long Lake leads a $6.3B buyout of Amex GBT, giving shareholders a 40% premium and freeing the company to revamp away from public market pressures.
Key takeaways
- American Express GBT to Go Private in $6.3 Billion Deal with Long Lake
- American Express Global Business Travel is set to exit public markets after agreeing to a $6.3 billion buyout led by Long Lake Capital, marking one of the largest take...
- Announced Wednesday, the transaction gives GBT shareholders a 40% premium over the company’s closing share price before talks leaked. Long Lake will partner with new a...
- GBT’s board unanimously backed the offer after months of market volatility pummeled the stock, which has fallen more than 30% since its SPAC merger in 2022. American E...
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