DOJ Readying Lawsuit Seeking to Block Corporate Travel Merger

The Justice Department is preparing to challenge a deal in the corporate travel market over antitrust concerns, according to people familiar with the matter.

A lawsuit seeking to block American Express Global Business Travel Group Inc.’s acquisition of rival CWT Holdings, which it valued at about $570 million, could come as soon as this week, said the people, who asked not to be named discussing a confidential case.

No final decision has been made, said the people, adding that the DOJ’s actions in the final days of the Biden Administration are fluid and subject to last minute changes. ...