---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-037931"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2026-09-29T12:45:13+00:00"
generated_at: "2026-10-12T13:43:41.504965+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Long Lake completes $6.3B acquisition of Amex GBT; GBTG delisted from NYSE

## Summary
- Amex GBT stockholders received $9.50 per share in cash, a 65.1% premium to the 30-day VWAP from the May 2, 2026 merger agreement.
- The all-cash transaction values Amex GBT at approximately $6.3 billion; it was announced May 4, 2026, and approved by stockholders on August 3, 2026.
- The merger closed September 29, 2026, via merger of Gaia Merger Sub into Global Business Travel Group, which became a wholly owned subsidiary of Gaia Purchaser.
- Concurrently, Parent entered a $1.5B senior secured first-lien term loan and a $250M revolving credit facility with JPMorgan Chase as administrative agent.
- GBTG requested NYSE delisting and deregistration; all board members resigned at the effective time. Financing included equity from Long Lake investors and Koch Equity Development.

## SEC filing metadata
- accession: 0001140361-26-037931
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2026-09-29T12:45:13+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820872/000114036126037931/0001140361-26-037931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000114036126037931/ef20082602_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-037931
- JSON: https://secwatch.observer/filing/0001140361-26-037931.json
- Plain text: https://secwatch.observer/filing/0001140361-26-037931.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.