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American Express Global Business Travel is being acquired by Long Lake Management for $9.50 a share, valuing the company at about $6.3b. American Express will sell its roughly 30% equity stake in Amex GBT, expecting about $1.5b in proceeds.
Upon closing, American Express expects proceeds of about $1.5 billion and a pre-tax gain of approximately $975 million. The company said the gain wasn’t included in its previously issued 2026 earnings guidance.
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