Shift4 Payments (FOUR, Financial) has announced an extension of its all-cash tender offer to acquire all outstanding shares of Global Blue Group (GB). This offer is being pursued through its indirect subsidiary, GT Holding 1 GmbH, based on a transaction agreement initially disclosed on February 16.
The tender offer is contingent upon several conditions. A key requirement, a minimum tender threshold of 90%, has already been achieved. However, the completion of the transaction is still pending regulatory approvals in specific jurisdictions and the fulfillment of customary conditions. The deal is projected to be finalized by the third quarter of 2025, as previously indicated by the company.
The tender offer is currently scheduled to remain open until one minute after 11:59 p.m. on May 6. However, Shift4 confirmed that the offer could be extended if necessary to secure the required regulatory clearances. This move signifies Shift4's strategic effort to solidify its acquisition of Global Blue Group under the outlined terms.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Shift4 Payments Inc (FOUR, Financial) is $115.05 with a high estimate of $154.00 and a low estimate of $80.00. The average target implies an upside of 49.92% from the current price of $76.74. More detailed estimate data can be found on the Shift4 Payments Inc (FOUR) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Shift4 Payments Inc's (FOUR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shift4 Payments Inc (FOUR, Financial) in one year is $92.37, suggesting a upside of 20.37% from the current price of $76.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shift4 Payments Inc (FOUR) Summary page.
