GBTG to be acquired by Long Lake for $9.50 per share in cash

Global Business Travel Group, Inc.

Acquisition price of $9.50 per share in cash; holders of ~69% of shares have agreed to vote in favor via voting agreements.
Company must pay $200M termination fee under certain circumstances; Parent pays $270M termination fee if it breaches.
Debt financing of $2.5B committed to fund the transaction, along with equity commitments from Long Lake and Koch Equity Development.
Closing subject to stockholder approval, HSR and other regulatory clearances, and no Company Material Adverse Effect.
Merger expected to close by November 2, 2026, extendable to February 2, 2027 for regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Global Business Travel Group, Inc. entered into "Merger Agreement" with Gaia Purchaser, Inc., Gaia Merger Sub, Inc. (effective 2026-05-02).

Action: entry
Agreement: merger
Counterparty: Gaia Purchaser, Inc., Gaia Merger Sub, Inc.
Effective: 2026-05-02

Exact text from the filing

On May 2, 2026, Global Business Travel Group, Inc., a Delaware corporation (the " Company "), entered into an Agreement and Plan of Merger (the " Merger Agreement ") with Gaia Purchaser, Inc., a Delaware corporation (" Parent "), and Gaia Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (" Merger Sub ")

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Global Business Travel Group, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-26-018699

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