American Express Global Business Travel is merging with a blank-check company backed by Apollo Global Management Inc. APO -2.89% to go public with a roughly $5.3 billion valuation, the companies said. The transaction implies a pro forma market capitalization of approximately $5.3 billion and a pro forma enterprise valuation of approximately $5 billion for GBT, assuming there are no redemptions by APSG's . Amex GBT to go public to accelerate growth strategy Megha Paul Dec 6, 2021. Featured Presentation. American Express Global Business Travel has agreed to merge with "blank-check" special purpose acquisition company Apollo Strategic Growth Capital in a deal that would take the company public with a $5.3 billion valuation. (Add your "underperform" vote.) Apollo Global Management Inc. is planning to list a blank-check company in Amsterdam that could raise about 400 . American Express Global Business Travel plans to go public through a reverse merger with Apollo Strategic Growth Capital, a special-purpose acquisition company backed by Apollo Global Management. American Express Global Business Travel's acquisitions of Egencia and Ovation Travel Group were some of the largest of the year, joining several other notable deals. American Express Business Travel agreed to be taken public through SPAC Apollo Strategic Growth Capital (NYSE: APSG) in a deal that will value the combined entity at $5.3B. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital Business Wire - Fri Dec 3, 2021 American Express Global Business Travel ("GBT"), the world's leading B2B travel platform, today announced its entry into a definitive business combination . Shares of American Express Co. rose 0.8% in premarket trading Friday, after American Express Global Business Travel (GBT), which is 50% owned by AmEx, confirmed that it will go public through a merger with special-purpose acquisition company (SPAC) Apollo Strategic Growth Capital in a deal that va… American Express Company's AXP joint venture American Express Global Business Travel ("GBT") recently announced that it will go public through a merger deal with a blank-check company supported by Apollo Strategic Growth Capital.The deal is expected to value the merged entity at a pro-forma market capitalization of $5.3 billion. Apollo Strategic Growth Capital. MarketBeat's community ratings are surveys of what our community members think about Apollo Strategic Growth Capital and other stocks. Apollo Strategic Growth Capital to Merge With American Express Global Business Travel. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital Meetings & Events American Express Meetings & Events Announces Bizzabo Commercial Partnership, Expands its Meetings Marketplace™ Apollo Strategic Growth Capital (APSG) to Combine with American Express GBT in $5Bn Deal Dec 3, 2021 INTEL by Nicholas Alan Clayton Apollo Strategic Growth (NYSE:APSG) has entered into a definitive agreement to combine with American Express Global Business Travel at an enterprise value of $4.98 billion, or 6x its 2021E revenue. A travel-booking services provider for corporate customers, AmEx Global Business Travel is 50% owned by American Express. If the deal with Amex GBT does go ahead, Apollo Strategic Growth Capital's public shareholders would own 15.4 percent of the post-combination company, which will be called Global Business Travel . The combination of GBT, the world's leading B2B travel platform, and . Friday, May 28, 2021. Apollo Strategic Growth Capital is a blank check company, which engages in seeking a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Ogier team in Jersey has represented American Express Global Business Travel (GBT), including GBT JerseyCo Limited, on its recent US$5.3 billion business combination with Apollo Strategic Growth Capital, a New York Stock Exchange (NYSE) listed special purpose acquisition company (SPAC).Following the completion of GBT JerseyCo's reversal into Apollo Strategic Growth Capital (which is listed . The agreement calls for American Express Global Business Travel to unite with Apollo Strategic Growth Capital, a special purpose acquisition company, or SPAC, backed by private equity giant Apollo . By Megha Paul On Dec 6, 2021 TD Editor American Express Global Business Travel (GBT) announced its entry into a definitive business combination agreement with special purpose acquisition company. American Express is spinning off its American Express Global Business Travel unit to SPAC Apollo Strategic Growth Capital in a transaction that, at a $5.30bn valuation (£4bn), will create the world's largest publicly traded business travel company. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital Meetings & Events American Express Meetings & Events Announces Bizzabo Commercial Partnership, Expands its Meetings Marketplace™ American Express Global Business Travel on Friday announced that it would offer 15 percent of its shares to the public via a merger with special purpose acquisition company Apollo Strategic Growth Capital. American Express GBT will become public by combining with APSG, which is already a public company. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital American Express Global Business Travel and Apollo Strategic Growth Capital to combine at pro forma market capitalization of $5.3 billion Transaction to provide up to $1.2 billion of gross proceeds, including an upsized and oversubscribed fully committed $335 million PIPE investment at $10.00 per common share with key investors including Apollo . Apollo Plans Its First European SPAC IPO in Amsterdam. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital. Vista Global acquired Apollo Jets. The combination is expected to close in the first half of 2022, pending shareholder and regulatory approvals. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital. Apollo kicked off the morning announcing a big SPAC merger deal as Apollo Strategic Growth Capital (APSG) struck a $5.3B EV pact with American Express Global Business Travel.The deal includes a . 2021-12-03 21:50 American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital BusinessWire - BZX. American Express Global Business Travel ("GBT"), the world's leading B2B travel platform, today announced its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (NYSE: APSG) ("APSG"). Apollo Strategic Growth Capital. American Express Global Business Travel ("GBT"), the world's leading B2B travel platform, today announced its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (NYSE: APSG) ("APSG"). American Express Global Business Travel Confirms Will Go Public Via SPAC Merger Deal With Apollo Strategic Growth Capital Benzinga - Dec 3, 2021, 8:01AM American Express Global Business Travel . Special purpose vehicle Apollo Strategic Growth Capital (APSG) and American Express Global Business Travel, or GBT, signed a definitive merger deal to create a B2B travel platform with a pro forma market capitalization of $5.3 billion. Apollo Global Management (Apollo) is a strong and experienced partner who currently manages more than $400 billion in assets. dec 3 (reuters) - apollo strategic growth capital <apsg.n>::american express global . Talks between SPAC Apollo Strategic Growth (NYSE: APSG) and Vista Equity Partners ' to merge three of its companies with the acquisition firm in a $15b transaction have been reportedly tabled . American Express Global Business Travel ("GBT"), the world's leading B2B travel platform, today announced its entry into a definitive business combination agreement with special purpose acquisition. GBT JerseyCo Limited entered into definitive business combination agreement to acquire Apollo Strategic Growth Capital (NYSE : APSG) in a reverse merger transaction on December 2, 2021. American Express Global Business Travel (GBT) announced its entry into a . December 6, 2021. american express global business travel to go public via combination with apollo strategic growth capital. GBT didn't conduct the study; McKinsey & Co. ran it in July and August for GBT's merger partner, special purpose acquisition company Apollo Strategic Growth Capital. The deal would result in a company with a pro forma market capitalization of $5.3 billion. The transaction is likely to close in first-half 2022. The stock touched a low price of $9.81.Recently in News on December 3, 2021, American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital. NEW YORK---- American Express Global Business Travel, the world s leading B2B travel platform, today announced its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital. Upcoming Events. Apollo Strategic Growth Capital announced on May 28, 2021 that it received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10 . Apollo declined to disclose full details about the methodology or sample. It is formed for the purpose of affecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar . APSG announced Q3 earnings. American Express Global Business Travel to merge with SPAC Apollo Strategic Growth Capital American Express Global Business Travel acquired Egencia In 2014, American Express spun off GBT into a joint venture . More. Apollo Strategic Growth Capital (APSG) is a special purpose acquisition company (SPAC). If you had invested in Apollo Strategic Growth Capital stock at $9.97, your return over the last 1 years would have been -1.1%, for an annualized return of -1.1% (not including any dividends or dividend reinvestments). Payment and Expense Emburse acquired Roadmap and DVI US Bancorp to acquire TravelBank Voxel Group acquired Troovo. "American Express Meetings & Events" is a division of American Express Global Business Travel. Amex GBT CEO Paul Abbott said in prepared remarks published last week that the company had "the highest . . American Express Global Business Travel and Apollo Strategic Growth Capital to combine at pro forma market capitalization of $5.3 billion Transaction to provide up to $1.2 billion of gross proceeds, including an upsized and oversubscribed fully committed $335 million PIPE investment at $10.00 per common share with key investors including Apollo . American Express Company's AXP joint venture American Express Global Business Travel ("GBT") recently announced that it will go public through a merger deal with a blank-check company . APSG:NYQ price falls below 15-day moving average to 9.87 at 09:30 GMT 8 hours ago. Apollo Strategic Growth Capital is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital. American Express Company's AXP joint venture American Express Global Business Travel ("GBT") recently announced that it will go public through a merger deal with a blank-check company supported by. American Express Global Business Travel ("GBT"), the world's leading B2B travel platform, announced its plan to become a public company through a business combination agreement with Apollo Strategic Growth Capital (NYSE:APSG), a special purpose acquisition company. American Express Global Business Travel confirms $5.3 billion merger deal with SPAC Apollo Strategic Growth Provided by Dow Jones Dec 3, 2021 1:30 PM UTC Dec 03 | $ 9.86 | APSG - Apollo Strategic Growth Capital --> American Express Global Business Travel Dec 02 | $ 9.96 | ACTD - ArcLight Clean Transition Corp. II --> OPAL Fuels Dec 02 | $ 9.83 . View details. American Express Global Business Travel confirms $5.3 billion merger deal with SPAC Apollo Strategic Growth Dec. 3, 2021 at 8:20 a.m. Archived Events & Presentations. NEW YORK, December 03, 2021--American Express Global Business Travel ("GBT"), the world's leading B2B travel platform, today announced its entry into a definitive business combination agreement . Expected to close during the first half of next year, the deal values Amex GBT at roughly $5 billion, would generate up to $1.2 billion in proceeds and features investors including Sabre and . A corporate team represents the shareholder in connection with the deSPAC transaction. Reuters 1 minute read Dec 3 (Reuters) - American Express Global Business Travel is close to a $5.3 billion deal to go public through a merger with a blank-check firm backed by Apollo Global. The SPAC Deal: American Express Global Business Travel (GBT) announced a SPAC deal with Apollo Global Management Inc (NYSE: APO)-backed SPAC Apollo Strategic Growth Capital (NYSE: APSG). From Bloomberg Jul 2, 2021. With plans to trade under the ticker GBTG, the company is expected to have a market capitalization of $5.3 billion. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital December 3, 2021. American Express Global Business Travel Going Public Posted on December 6, 2021 — No Comments ↓ American Express Global Business Travel (GBT) has announced its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (APSG). Current GBT common equity holders are expected to roll their existing equity holdings into the combined company. American Express Global Business Travel, the world's leading B2B travel platform, to go public via combination with Apollo Strategic Growth Capital Meetings & Events American Express Meetings & Events Announces Bizzabo Commercial Partnership, Expands its Meetings Marketplace™ Tourism. Apollo Strategic Growth Capital operates as a blank check company. Vote "Outperform" if you believe APSG will outperform the S&P 500 over the long term. Apollo kicked off the morning announcing a big SPAC merger deal as Apollo Strategic Growth Capital (APSG) struck a $5.3B EV pact with American Express Global Business Travel.The deal includes a . American Express Global Business Travel delivers unrivaled value, choice and experiences through its leading B2B .
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