The merger is complete and the stock is delisted. Holders should expect to receive $9.50 per share cash. No further trading in GBTG common stock on NYSE is possible.
Price Chart
Executive Summary
Global Business Travel Group (GBTG) is being delisted from the NYSE effective October 12, 2026, following the completion of a merger where each share of Class A Common Stock was converted into $9.50 cash. The merger with Gaia Merger Sub, Inc., a subsidiary of Long Lake Management Holdings Inc., closed on September 29, 2026, and trading was suspended the same day.
Key Facts
- Form 25-NSE filed by NYSE to delist GBTG's Class A Common Stock effective October 12, 2026.
- Merger of Global Business Travel Group, Inc. and Gaia Merger Sub, Inc. closed on September 29, 2026.
- Each share of Class A Common Stock converted into $9.50 cash, without interest, less any applicable fees and taxes.
- Trading suspended on September 29, 2026.
- Cross-filing 8-K (Items 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01) filed same day confirms delisting notice.
Financial Impact
All outstanding shares of GBTG Class A Common Stock converted into $9.50 per share cash consideration.
Risk Factors
- No further liquidity for GBTG shares on NYSE.
- Cash-out price of $9.50 may be below some holders' acquisition cost.
- Potential for appraisal rights or litigation if shareholders believe consideration was inadequate.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000798 |
| Document: 0000876661-26-000798-index.html | 0000876661-26-000798 |
| Document: 0000876661-26-000798.txt | 0000876661-26-000798 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 16d ago | 15-12G | — | awaiting T+60 | — | — |
Oct 5, 2026 21d ago | EFFECT | — | awaiting T+60 | — | — |
Oct 5, 2026 21d ago | EFFECT | — | awaiting T+60 | — | — |
Oct 5, 2026 21d ago | EFFECT | — | awaiting T+60 | — | — |
Oct 1, 2026 25d ago | SC 13D/A | $9.49 | awaiting T+60 | — | — |
Sep 29, 2026 27d ago | SC 13D/A | $9.49 | awaiting T+60 | — | — |
Sep 29, 2026 27d ago | 25-NSE | $9.49 | awaiting T+60 | — | — |
Sep 29, 2026 27d ago | 8-K | $9.49 | awaiting T+60 | — | — |
Aug 7, 2026 11w ago | Insider Cluster | $9.46 | awaiting T+60 | — | — |
Aug 4, 2026 11w ago | 8-K | $9.43 | awaiting T+60 | — | — |
US Market Status
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