American Categorical World Enterprise Journey is near a merger with a blank-check firm backed by Apollo World Administration Inc. to go public with a roughly $5.3 billion valuation, individuals aware of the matter mentioned.
A travel-booking providers supplier for company prospects, AmEx World Enterprise Journey is 50% owned by American Categorical Co. It’s nearing a deal to mix with the special-purpose acquisition firm Apollo Strategic Progress Capital , the individuals mentioned. The merger could possibly be introduced as quickly as Friday.