secwatch.observer — SEC 8-K summary
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Issuer:     Global Business Travel Group, Inc. (GBTG)
CIK:        0001820872
Form:       8-K
Filed at:   2026-09-29T12:45:13+00:00
Accession:  0001140361-26-037931
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820872/000114036126037931/0001140361-26-037931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820872/000114036126037931/ef20082602_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-037931

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