US Files Antitrust Suit to Block Amex GBT-CWT Travel Merger (4)

The US Justice Department filed a lawsuit to block a $570 million deal in the corporate travel market over antitrust concerns.

In a complaint filed Friday in federal court in New York, antitrust enforcers said American Express Global Business Travel Group Inc.’s acquisition of rival CWT Holdings would harm the market for travel management.

“If completed, this deal would extinguish fierce head-to-head competition between Amex GBT and CWT and risk higher prices, fewer choices, and less innovation, thereby threatening harm to scores of businesses crucial to the US economy,” according to the suit.

The administration of President Joe Biden ...