US Justice Department drops bid to block corporate travel company merger
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
US Justice Department drops bid to block corporate travel company merger
The U.S. Department of Justice sued in January, before President Donald Trump took office, to block the proposed merger. The $570 million deal would eliminate competition between the largest and third-largest providers of business travel management services.
Companies Global Business Travel Group Inc Follow
July 29 (Reuters) – The U.S. Department of Justice dropped its bid to block American Express Global Business Travel Group’s acquisition of CWT Holdings, according to court records entered in New York on Tuesday.
The U.S. sued in January, before President Donald Trump took office, to block the proposed merger, saying the $570 million deal would eliminate competition between the largest and third-largest providers of business travel management services.
Sign up here.
Reporting by Jody Godoy; Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles. , opens new tab