Shares of Global Business Travel Group, Inc. (GBTG) rallied sharply after announcing a buyout agreement.
The stock is currently trading at $9.35, up $3.42 or 57.59%, on the NYSE. It opened at $9.31 after closing the previous session at $5.93. The stock has traded between $4.95 and $9.39 over the past 52 weeks.
Global Business Travel Group said it has agreed to be acquired by Long Lake Management in an all-cash deal valued at about $6.3 billion.
Under the terms, shareholders will receive $9.50 per share in cash, representing a premium of over 60% to the prior closing price.
The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.