BRIEF-Amex GBT To Acquire CWT-March 2024-www.financetom.com

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BRIEF-Amex GBT To Acquire CWT

Mar 25, 2024 6:51 AM

March 25 (Reuters) - Global Business Travel Group Inc ( GBTG )

* 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

BREAK-EVEN TO EARNINGS PER SHARE IN FIRST YEAR OF CLOSE AND

ACCRETIVE THEREAFTER

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