Shift4 Payments, Inc. (NYSE: FOUR) has announced a further extension of its all-cash tender offer to acquire all outstanding shares of Global Blue Group Holding AG (NYSE: GB), as the companies continue to await necessary regulatory approvals.
The tender offer, conducted through Shift4’s indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company, will now remain open until one minute after 11:59 p.m. (New York City time) on July 2, 2025. This extension facilitates the completion of regulatory requirements in various jurisdictions, a key condition for closing the transaction.
As of June 23, 2025, at one minute after 11:59 p.m. (New York City time), approximately 233,255,077 shares of Global Blue had been validly tendered and not withdrawn. This represents about 97.12% of the issued and outstanding shares, significantly exceeding the 90% minimum tender condition stipulated in the transaction agreement dated February 16, 2025.
Global Blue’s board of directors has unanimously recommended that its shareholders tender their shares into the offer. The acquisition is still anticipated to close by the third quarter of calendar year 2025.
Shift4, based in Center Valley, Pa., is a commerce-enabling technology provider that processes billions of transactions annually for hundreds of thousands of businesses in various industries. Global Blue, headquartered in Switzerland, provides technology-enabled services to simplify international shopping and spending.
