Travel Like a Pro: Insider Tips from American Express and CWT

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Amex GBT is set to acquire CWT in a $570 million deal, expected to close in the second half of 2024. The acquisition will be funded by a mix of stock and cash, with approximately 71.7 million shares issued at $6.00 per share. The synergy opportunity and efficiency gains are anticipated to bring significant shareholder value. CWT is projected to generate $850 million in revenues in 2024, serving 4,000 customers who will gain access to Amex GBT's proprietary software and services.