American Express to Realize $975 Million Gain in $6.3 Billion Take-Private Deal
GBTG•American Express will sell its 157.8 million Amex GBT shares at $9.50 apiece as Long Lake’s $6.3 billion take-private deal closes in H2 2026, generating approximately $1.5 billion in cash and a $975 million pre-tax gain off a $525 million carrying basis. The existing brand-licensing agreement remains post-close, ensuring ongoing royalties.
1. Take-Private Deal Details
Long Lake Management agreed to take American Express Global Business Travel private in a $6.3 billion transaction, offering $9.50 per share for all outstanding stock. The deal is expected to close in the second half of 2026, fully delisting GBTG from public markets.
2. American Express Monetization Windfall
American Express holds 157.8 million GBTG shares at a carrying value of $525 million, which will be sold for approximately $1.5 billion in cash, generating a $975 million pre-tax gain not reflected in current earnings guidance. This one-time windfall will bolster Amex’s results once the deal closes.
3. Ongoing Brand License and Partner Impacts
The existing brand-licensing agreement for the “American Express Global Business Travel” name remains in force post-close, ensuring ongoing royalty payments. Minority investors, including Expedia with a 14.3% stake, will receive $9.50 per share, partially offsetting prior mark-to-market losses.
Related News
Bridgeline Digital wins multi-year HawkSearch AI search contract with global distributor
Edible Garden targets full-scale RTD nutrition production at planned Prairie Hills facility in Iowa
