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CENTER VALLEY, Pa. - Shift4 Payments, Inc. (NYSE:FOUR), an $8.7 billion market cap payment technology company whose stock has gained over 35% in the past year, announced Thursday the successful completion of its tender offer to acquire Global Blue Group Holding AG (NYSE:GB) for $7.50 per common share in cash, marking the largest acquisition in Shift4’s history. According to InvestingPro analysis, Shift4 maintains a "GREAT" financial health score of 3.08, suggesting strong positioning for this strategic move.
The tender offer, which expired on July 2, 2025, resulted in approximately 97.37% of Global Blue’s outstanding shares being validly tendered. Shift4, which has demonstrated robust revenue growth of 27.4% over the last twelve months, plans to initiate a squeeze-out merger under Swiss law to acquire the remaining 2.63% of shares and delist Global Blue from the NYSE.
Global Blue, with over 40 years of history, is a market leader in tax-free shopping and currency conversion technology, serving hundreds of thousands of premium retail and hospitality locations across Europe, Asia, and South America.
"By integrating Global Blue into our end-to-end platform, we’re further expanding our global reach and solidifying our position as a leading unified commerce provider," said Shift4 CEO Taylor Lauber in the press release.
The acquisition brings Global Blue’s tax refund and currency conversion capabilities to Shift4’s global payments platform. The companies plan to launch an all-in-one payment terminal that will provide VAT refund, dynamic currency conversion, and payment processing services to global merchants.
As part of the transaction, Ant International and Tencent will become strategic partners with Shift4. The partnership will explore collaboration on global e-commerce payment products, including the distribution of Alipay+ and WeChat Pay throughout the Shift4 ecosystem.
Following the completion of the tender offer, Global Blue’s current directors have been replaced with Shift4-appointed directors as approved by Global Blue shareholders at an extraordinary general meeting held on May 6, 2025.
The information in this article is based on a press release statement from Shift4 Payments and Global Blue.
In other recent news, Shift4 Payments has extended its tender offer to acquire Global Blue Group Holding, with the offer now open until July 2, 2025. This acquisition, which has already seen 97.12% of Global Blue’s shares tendered, awaits regulatory approvals and is projected to close by the third quarter of 2025. Analysts from DA Davidson have maintained a Buy rating on Shift4 Payments, following Global Blue’s report of a 20% increase in revenue and a 36% rise in adjusted EBITDA for the fiscal year 2025. Keefe, Bruyette & Woods also reiterated a Market Perform rating for Shift4 Payments, noting the potential positive impact of Jared Isaacman’s return as Executive Chairman. Citi analysts have reaffirmed their Buy rating, expressing optimism about the leadership transition with Taylor Lauber as CEO and Isaacman as Executive Chairman. Despite the leadership changes, plans to simplify Shift4’s corporate structure will not proceed at this time. Shift4 Payments has announced these leadership changes and restructuring updates in a recent SEC filing, indicating stability in its future strategic direction.
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