Shift4 Payments Extends Tender Offer for Global Blue Acquisition

The tender offer, executed through Shift4's indirect wholly owned subsidiary, GT Holding 1 GmbH, is contingent upon various conditions, notably the satisfaction of a minimum tender condition. Shift4 has reported that an impressive 90% threshold has already been met, indicating strong shareholder support for the acquisition. The transaction is anticipated to close by the third quarter of calendar year 2025, pending customary closing conditions and regulatory approvals in specific jurisdictions.

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 May 20, 2025, at one minute after 11:59 p.m. (New York City time), with the possibility of further extensions as regulatory approvals are awaited.

As of the latest report received by Equiniti Trust Company, LLC, the depositary and paying agent for the tender offer, around 232,130,611 shares have been validly tendered and not withdrawn. This number represents approximately 96.65% of the issued and outstanding shares of Global Blue, showcasing a significant endorsement from its shareholders for the proposed acquisition. Shareholders who have already tendered their shares do not need to take any further action in light of this extension.

Shift4’s acquisition of Global Blue is poised to create synergies that could enhance the payment processing landscape. By integrating Global Blue's services, known for facilitating cross-border payments and providing VAT refunds, Shift4 aims to expand its global footprint and enrich its service offerings.

The full terms and conditions of the tender offer are detailed in the offering documents filed with the Securities and Exchange Commission (SEC). Shareholders are encouraged to review these documents carefully, as they contain critical information regarding the tender offer and associated procedures.

About Shift4 Payments

Shift4 is a leader in commerce-enabling technology, facilitating billions of transactions annually for hundreds of thousands of businesses across various industries. By simplifying complex payment ecosystems, Shift4 is redefining commerce on a global scale.

As the tender offer progresses, stakeholders will be closely monitoring developments, particularly regarding regulatory approvals and the finalization of the acquisition. The successful integration of Global Blue could signal a transformative shift in the payment processing sector, positioning Shift4 as a formidable player in the market.