American Express Global Business Travel has submitted a remedy proposal to address concerns by the U.K.'s Competition and Markets Authority regarding its proposed merger with CWT, including price caps ...

American Express Global Business Travel and CWT have suggested a series of potential “remedies” to the UK’s Competition and ...

American Express Global Business Travel and CWT have offered the U.K. Competition and Markets Authority several remedies to allay the regulator's competitive concerns over their proposed merger, ...

CWT’s investors have a lot of ground to catch up with travel investor Certares too, they added, which has bolstered Amex GBT’s position as well as other related companies during the pandemic.

The deal would add 4,000 new clients for Amex GBT, which anticipates CWT to generate approximately $850 million in revenue ...

In its interim report on the $570 million acquisition of CWT by Amex GBT, the CMA said an independent inquiry group found the deal would lead to less choice and higher prices among large customers ...

It will also create more choice for customers and more efficient distribution for suppliers while maintaining a highly competitive environment for business travel services," Amex GBT said.

Abbott added that Amex GBT continues to expect its acquisition of CWT will close in the first quarter of 2025 as it works through regulatory requirements and challenges.

Amex GBT will respond to the interim report to correct several errors and misconceptions about how the business travel sector operates and to demonstrate that the CWT acquisition will not harm ...