Shift4 Payments extends tender offer to acquire Global Blue

Shift4 Payments (FOUR) is further extending its all-cash tender offer through its indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company – Merger Sub -, to purchase all of the outstanding shares of Global Blue (GB) pursuant to the transaction agreement of February 16 between Global Blue and Shift4, and, from and after its execution and delivery of a joinder thereto on February 25, Merger Sub. The tender offer is subject to certain conditions, including, among other things, satisfaction of a minimum tender condition, for which the 90% threshold has been met, the receipt of regulatory approvals in certain jurisdictions and other customary closing conditions. The transaction is expected to close by Q3 of calendar year 2025. Global Blue’s board of directors has unanimously recommended that all shareholders tender their shares into the offer. The tender offer will remain open until one minute after 11:59 p.m. NYC on May 20, and may be extended again while the parties await certain regulatory approvals. As of May 6, shares that have been validly tendered and not withdrawn represent approximately 96.65% of the issued and outstanding shares.