American Express' Global Business Travel business close to $5.3 billion merger with SPAC--WSJ

Shares of American Express Co. rose 0.8% in premarket trading Friday, after The Wall Street Journal reported that the credit card company's Global Business Travel business is close to a deal to be taken public by special-purpose acquisition company (SPAC) Apollo Strategic Growth Capital . Citing people familiar with the matter, the WSJ report said a merger with the SPAC, which is backed by Apollo Global Management Inc. , would value AmEx's travel-booking services provider for corporate...