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Tuesday, June 28, 2022

American Express Global Business Travel Nears $5.3 Billion Spac Deal

Business travel has been greatly curtailed since the coronavirus pandemic hit leading to restrictions on international travel that have not fully been lifted. 

That has not dimmed the long-term optimism for the category by Apollo Global Management,  (APO) – Get Apollo Global Management Inc. Class A Report which has backed a blank-check company that will merge with American Express Global Business Travel to bring the company public in a roughly $5.3 billion deal, The Wall Street Journal reported.

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