{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-026717","form_type":"8-K","ticker":"GBTG","cik":"0001820872","company_name":"Global Business Travel Group, Inc.","filed_at":"2025-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.069681+00:00","generated_at":"2026-05-24T09:04:14.568806+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Amex GBT revises CWT deal to ~$540M, issues 50M shares at $7.50, extends deadline to Dec 31, 2025","bullets":["Transaction value reduced to ~$540M from $570M on cash-free, debt-free basis; fixed stock price raised to $7.50/share from $6.00.","Amex GBT to issue ~50M shares (down from ~72M) and pay $70M in cash to CWT equityholders at close.","Drop Dead Date extended to December 31, 2025 to allow time for DOJ antitrust lawsuit seeking to block deal.","Amended agreement maintains expected 7.6x pre-synergy and 2.5x post-synergy Adjusted EBITDA multiples from original March 2024 deal.","Closing remains subject to regulatory approvals and other customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-026717","json":"https://secwatch.observer/filing/0001104659-25-026717.json","markdown":"https://secwatch.observer/filing/0001104659-25-026717.md","text":"https://secwatch.observer/filing/0001104659-25-026717.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820872/000110465925026717/0001104659-25-026717-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820872/000110465925026717/tm259963d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:04:14.568806+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}