Stocks to Watch: Global Business Travel Group

Dow Jones

03-22

By Connor Hart

Global Business Travel Group's deal to acquire rival CWT Holdings will be valued at around $540 million, rather than $570 million, after the parties amended the terms of their agreement. The travel-management company said the amended deal calls for it to issue 50 million shares of its class A common stock at $7.50 apiece at closing, compared with 72 million shares at $6 a share previously. Shares fall 2.1%, to $7.45, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 21, 2025 18:52 ET (22:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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