Amex GBT and CWT Extend Merger Deadline Because of DOJ Lawsuit
Skift Take
Another deadline extension and a reduced valuation. The Amex GBT–CWT merger is proceeding in slow motion because of regulatory scrutiny.
Complicated by regulatory scrutiny and a U.S. Department of Justice lawsuit to derail it, American Express Global Business Travel and CWT over the last week executed a series of amendments to their merger agreement, which was initially announced a year ago.
Among the changes, the two companies extended the deadline for the merger to close to December 31, 2025, from the prior March 21, 2025. The initial “drop dead date” was January 24, 2025.
Amex GBT di
