03:59 PM EDT, 07/29/2025 (MT Newswires) -- Global Business Travel Group's ( GBTG ) American Express Global Business Travel said Tuesday that the US Department of Justice has dropped its complaint challenging the travel company's takeover of peer CWT.

The transaction, valued at $540 million in cash and stock, is now expected to close in Q3, resulting in CWT shareholders owning about a 10% stake in the combined company, Amex GBT said.

The company said it sees the transaction to be "highly" accretive, with net synergies of $155 million.

The deal was first announced in March 2024 and received the UK competition regulator's clearance earlier this year.

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