Global business Travel Group — also known as Amex GBT — was trying to avoid a future business loss to CWT by buying the company, the DOJ alleges.
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Getty shareholders will own about 54.7% of the combined company, which will retain the Getty name. Shares of both companies surged on the news.
The bargain clothing site, which is seeking a London stock listing, declined to shed light on whether its clothing contains cotton from Xinjiang.
