- Shift4 Payments (FOUR, Financial) has secured 96.42% of Global Blue's shares, surpassing the required 90% tender threshold.
- The tender offer deadline has been extended to May 6, 2025, awaiting regulatory approvals.
- The acquisition is expected to close by the third quarter of 2025, pending customary closing conditions.
Shift4 Payments (FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (GB) through its subsidiary GT Holding 1 GmbH. As of the latest update, approximately 231,574,334 shares, representing 96.42% of Global Blue's outstanding shares, have been validly tendered. This exceeds the 90% minimum threshold required for the offer's success.
The tender offer, initially announced on February 16, 2025, has been extended to May 6, 2025, 11:59 p.m. (New York City time) to accommodate the ongoing regulatory approval processes in various jurisdictions. Global Blue's board of directors has unanimously recommended that shareholders tender their shares, evidencing strong support for the acquisition.
Despite the extension, the transaction timeline remains intact, with expectations to close by the third quarter of 2025, subject to regulatory approval and other customary conditions. This extension is a common procedural step in mergers and acquisitions, aiming to allow additional time for regulatory review rather than any fundamental issues with the transaction.
Shift4 Payments continues to provide robust support and confidence in completing the acquisition within the original timeframe, further solidifying its position in the global financial services and payment technology industries.
