Shift4 Extends Tender Offer Deadline for Global Blue Acquisition, Strengthening Strategic Growth Plans
New York, NY — Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading provider of integrated payment processing solutions, announced today the extension of its previously announced all-cash tender offer to acquire Global Blue Group Holding AG (“Global Blue”) (NYSE: GB). Through its indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company (“Merger Sub”), Shift4 is seeking to purchase all outstanding shares of Global Blue under the terms of a transaction agreement dated February 16, 2025. The extension reflects Shift4’s commitment to completing this transformative acquisition, which aims to enhance its global footprint and expand its portfolio of innovative payment solutions.
Why Extend the Tender Offer?
The decision to extend the tender offer comes as Shift4 and Global Blue work toward satisfying the remaining conditions required to close the transaction. These conditions include regulatory approvals in certain jurisdictions and other customary closing requirements. Importantly, the minimum tender condition, which requires at least 90% of Global Blue’s outstanding shares to be tendered, has already been met. As of one minute after 11:59 p.m. (New York City time) on April 17, 2025, approximately 231,574,334 shares—representing 96.42% of Global Blue’s issued and outstanding shares—have been validly tendered and not withdrawn.
Despite meeting the minimum threshold, Shift4 has extended the tender offer deadline to one minute after 11:59 p.m. (New York City time) on May 6, 2025, to allow additional time for the completion of regulatory reviews and other closing conditions. This extension underscores Shift4’s dedication to ensuring a smooth and successful transaction while prioritizing transparency and compliance with all applicable regulations.
Global Blue’s Board Recommends Shareholder Participation
Global Blue’s board of directors has unanimously recommended that all shareholders tender their shares into the offer. The board’s endorsement highlights the strategic value of the acquisition for both companies and their stakeholders. By combining Shift4’s advanced payment technologies with Global Blue’s expertise in travel and tourism commerce, the transaction is expected to create significant synergies and unlock new growth opportunities in the global payments market.
Shareholders who have already tendered their shares are not required to take any further action in response to this extension. However, those who have yet to participate can still do so by following the instructions provided in the offering documents. For assistance with tendering shares, shareholders may contact D.F. King & Co., Inc., the information agent for the tender offer, toll-free at (800) 283-2170 or via email at gb@dfking.com.
A Strategic Move to Drive Long-Term Growth
The acquisition of Global Blue aligns with Shift4’s broader strategy to expand its presence in high-growth markets and diversify its offerings. Global Blue, a leader in travel retail technology and tax-free shopping solutions, brings a robust network of merchants and travelers that complements Shift4’s existing capabilities. Together, the combined entity will be well-positioned to capitalize on emerging trends in digital payments, cross-border commerce, and customer experience innovation.
“This transaction represents a significant milestone in our journey to redefine the future of payments,” said Jared Isaacman, CEO of Shift4. “By integrating Global Blue’s expertise with Shift4’s cutting-edge technology, we aim to deliver unparalleled value to merchants, consumers, and shareholders alike.”
Key Details of the Tender Offer
The tender offer is structured as an all-cash transaction, providing Global Blue shareholders with immediate liquidity and certainty of value. The full terms, conditions, and other details of the offer are outlined in the offering documents filed with the Securities and Exchange Commission (SEC). Shareholders are encouraged to review these materials carefully to understand the implications of the transaction and their rights as investors.
Equiniti Trust Company, LLC, the depositary and paying agent for the tender offer, will continue to process tenders and withdrawals in accordance with the extended timeline. Shareholders who wish to withdraw their previously tendered shares may do so at any time prior to the expiration of the offer, subject to the terms and conditions set forth in the offering documents.
Looking Ahead: Closing the Transaction
The transaction is expected to close by the third quarter of calendar year 2025, pending the receipt of remaining regulatory approvals and the satisfaction of other customary closing conditions. Once completed, the acquisition will mark a pivotal moment in Shift4’s evolution, enabling the company to scale its operations and deliver enhanced value to its customers and partners worldwide.
As the tender offer period continues, Shift4 remains focused on maintaining open communication with stakeholders and ensuring a seamless transition. The company is committed to upholding the highest standards of corporate governance and regulatory compliance throughout the process.
Why This Acquisition Matters for the Payments Industry
The proposed acquisition of Global Blue by Shift4 is a testament to the rapidly evolving nature of the global payments industry. As businesses and consumers increasingly demand seamless, secure, and innovative payment solutions, partnerships and mergers like this one are becoming essential for driving progress and staying competitive.
By leveraging Global Blue’s extensive network and Shift4’s technological prowess, the combined entity will be uniquely positioned to address the needs of a dynamic marketplace. From enhancing merchant experiences to empowering travelers with frictionless payment options, the acquisition promises to deliver tangible benefits across multiple sectors.
How Shareholders Can Stay Informed
For shareholders seeking more information about the tender offer or the acquisition, Shift4 encourages them to consult the official offering documents filed with the SEC. These documents provide comprehensive details about the transaction, including timelines, financial terms, and regulatory requirements. Additionally, shareholders can reach out to D.F. King & Co., Inc. for personalized assistance with tendering their shares.
This acquisition represents a bold step forward for Shift4 and Global Blue, setting the stage for a new era of innovation and growth in the payments industry. As the transaction progresses, both companies remain committed to delivering value to their stakeholders and shaping the future of commerce.
About Shift4 Payments, Inc.:
Shift4 Payments (NYSE: FOUR) is a leading independent provider of integrated payment processing and technology solutions, serving businesses across various industries, including hospitality, retail, and e-commerce. With a focus on innovation and customer-centric solutions, Shift4 empowers merchants to streamline operations and enhance the consumer experience.
About Global Blue Group Holding AG:
Global Blue (NYSE: GB) is a pioneer in travel retail technology and tax-free shopping solutions, connecting merchants and travelers worldwide. Its mission is to transform the borderless shopping experience through innovative digital platforms and services.
