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Posted inCompanies, Daily Analysis, Markets, Pre-Market Briefing, Sector -- Consumer, Sector -- Industrials, Sector -- Technology

Is a 60% Takeover Pop Masking a Flat Open?

Global Business Travel Group (GBTG) surged 57% to $9.31 at Monday’s open after Long Lake Management announced a $6.3 billion all-cash acquisition at $9.50 per share, a 60.2% premium to Friday’s close of $5.90. The broader market opened mixed — Dow Jones down 0.3-0.4%, S&P 500 fla

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