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NEW YORK - Shift4 Payments, Inc. (NYSE:FOUR), a payment processing powerhouse with a market capitalization of $8.29 billion and impressive revenue growth of 27% over the last twelve months, has extended its all-cash tender offer to purchase outstanding shares of Global Blue Group Holding AG (NYSE:GB), the company announced in a press release. According to InvestingPro analysis, Shift4 currently trades below its Fair Value, suggesting potential upside for investors.
The tender offer will now remain open until one minute after 11:59 p.m. New York City time on July 2, 2025. As of June 23, approximately 233,255,077 shares have been validly tendered, representing about 97.12% of Global Blue’s issued and outstanding shares, exceeding the 90% minimum threshold required for the transaction.
The acquisition, initially announced on February 16, 2025, remains subject to regulatory approvals in certain jurisdictions and other customary closing conditions. The transaction is still expected to close by the third quarter of 2025, as previously stated.
Global Blue’s board of directors has unanimously recommended that shareholders tender their shares. Shareholders who have already tendered their shares do not need to take further action in response to this extension.
The tender offer is being conducted through Shift4’s indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company that joined the transaction agreement on February 25, 2025.
Shift4 Payments processes billions of transactions annually for hundreds of thousands of businesses across various industries, according to the company’s press release statement.
In other recent news, Shift4 Payments has announced significant leadership changes, with Jared Isaacman stepping down as CEO to become the Executive Chairman, while Taylor Lauber has been appointed as the new CEO. This transition is part of the company’s succession plan, and Lauber will also serve as a Class I director until the 2027 annual meeting. The restructuring plans initially aimed to simplify the company’s organizational structure, but these have been halted due to Isaacman’s unfulfilled nomination as NASA Administrator. Analysts from Citi have maintained a Buy rating for Shift4 Payments, expressing optimism about the leadership changes and the company’s market presence. DA Davidson also reiterated a Buy rating with a price target of $124, despite not expecting significant changes to financial forecasts. Meanwhile, Keefe, Bruyette & Woods reaffirmed a Market Perform rating, noting that Isaacman’s involvement in a leadership role is beneficial for the company. These developments follow a positive financial outlook, with Global Blue reporting a 20% increase in revenue, which influences the broader financial technology sector. Shift4 Payments continues to navigate its strategic direction and market performance amid these changes.
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