financetom
Business
financetom
/
Business
/
Global Business Travel Group-Operated Amex GBT Says CWT Acquisition Gets Provisional UK Antitrust Clearance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Global Business Travel Group-Operated Amex GBT Says CWT Acquisition Gets Provisional UK Antitrust Clearance
Feb 18, 2025 7:36 AM

10:27 AM EST, 02/18/2025 (MT Newswires) -- Global Business Travel Group ( GBTG ) -operated American Express Global Business Travel, or Amex GBT, said Tuesday that its proposed acquisition of CWT has received provisional antitrust clearance in the UK.

Amex GBT said the UK's Competition and Markets Authority has provisionally concluded it has not identified competition concerns with the proposed deal.

The regulator will make a final decision by March 9, the company said.

Amex GBT said it continues to defend itself against a US Department of Justice lawsuit filed in January that seeks to prevent the proposed transaction.

Price: 8.90, Change: -0.05, Percent Change: -0.61

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AbbVie Says Robert Michael Assumes CEO Role
AbbVie Says Robert Michael Assumes CEO Role
Jul 1, 2024
08:51 AM EDT, 07/01/2024 (MT Newswires) -- AbbVie ( ABBV ) said Monday that Robert Michael has assumed the role of chief executive of the company and become a board member. Michael previously served as president and chief operating officer. AbbVie ( ABBV ) announced in February that Michael would succeed Richard Gonzalez as CEO. Gonzalez has become executive chairman...
Humacyte's ATEV Treatment Gets New FDA Designation; Shares Rise Pre-Bell
Humacyte's ATEV Treatment Gets New FDA Designation; Shares Rise Pre-Bell
Jul 1, 2024
08:45 AM EDT, 07/01/2024 (MT Newswires) -- Humacyte ( HUMA ) said Monday its investigational Acellular Tissue Engineered Vessel, or ATEV, was granted the US Food and Drug Administration's Regenerative Medicine Advanced Therapy designation for patients with advanced peripheral artery disease. The designation will grant the company priority in consultations with the FDA regarding ATEV and potentially expedite future license...
Local politicians raise fears over Spirit Belfast factory deal
Local politicians raise fears over Spirit Belfast factory deal
Jul 1, 2024
BELFAST, July 1 (Reuters) - Politicians raised concerns on Monday about jobs not secured in Airbus' takeover of the bulk of production at Spirit AeroSystems ( SPR ) plant in Belfast, one of Northern Ireland's biggest employers. Airbus' move to take control of the core activities at four Spirit plants, including in Belfast where the fuselage supplier employs around 3,600...
Sector Update: Consumer
Sector Update: Consumer
Jul 1, 2024
08:50 AM EDT, 07/01/2024 (MT Newswires) -- Consumer stocks were mixed premarket Monday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.4% higher recently. Chewy (CHWY) rose nearly 12% after Keith Gill, the stock influencer known as Roaring Kitty, disclosed a 6.6% stake in the company. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved