The Company Dime ($) - February 18, 2025 --
The Competition and Markets Authority of the United Kingdom announced on Tuesday an about-face in its assessment of the planned acquisition of CWT by American Express Global Business Travel. CMA has “provisionally” concluded that “CWT is a significantly weaker competitor than in the past and is likely to continue to weaken in the future” and “there are other suppliers who will offer customers an alternative to the merged business.” As a result, CMA found “the deal should be allowed to proceed.”
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