Global Business Travel Group, Inc. shares rise 2.85% premarket after US DOJ dismisses antitrust lawsuit against Amex GBT's acquisition of CWT.

Global Business Travel Group, Inc. rose 2.85% in premarket trading, following the dismissal of the U.S. Department of Justice's complaint challenging Amex GBT’s acquisition of CWT. This regulatory approval allows the transaction to proceed, which is expected to offer customers unrivaled choice, value, and experience. The acquisition of CWT for $540 million, including 50 million shares valued at $7.50 a share, with the rest paid in cash, is a significant development for the company.