Shift4 Payments, Inc. (NYSE: FOUR) has successfully completed its tender offer to acquire Global Blue Group Holding AG (NYSE: GB), a move designed to integrate tax-free shopping and dynamic currency conversion into Shift4’s global payment platform and establish new strategic partnerships.The acquisition was executed through GT Holding 1 GmbH, an indirect wholly owned subsidiary of Shift4, which tendered for outstanding shares of Global Blue at $7.50 per common share in cash. “This marks the largest acquisition in Shift4’s history and reinforces our track record of expanding our capabilities and delivering a comprehensive commerce offering in the industry,” said Shift4 CEO Taylor Lauber. “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 that adds meaningful value to our merchants around the world.”Global Blue, with over 40 years of history, is a market leader at the intersection of travel and luxury retail across Europe, Asia, and South America. Hundreds of thousands of premium retail and hospitality locations utilize Global Blue’s tax-refund and currency conversion technology, serving iconic luxury and premium retailers, as well as large retail electronics, sportswear, and fast-fashion brands. Global Blue holds a leading market share in the tax-free shopping category, a service essential for merchants catering to international travelers. Its merchant solutions will be integrated into Shift4’s global payments platform to provide an enhanced end-to-end experience for merchants.The combined entity plans to introduce an all-in-one payment terminal, offering VAT refund, dynamic currency conversion (DCC), and payment processing services to global merchants. This integrated solution is positioned to be unique in the market, combining these three services within a single device.As a result of the transaction, Ant International and Tencent will become strategic partners with Shift4. This partnership is expected to explore collaboration on global e-commerce payment products, including the distribution of Alipay+, a global e-wallet gateway service that connects global merchants with 1.7 billion user accounts across 36 digital payment methods, and WeChat Pay, a widely used mobile payment service in China, throughout the Shift4 ecosystem.The tender offer concluded at one minute after 11:59 p.m. (New York City time) on July 2, 2025. Equiniti Trust Company, LLC, the depositary and paying agent for the tender offer, reported that 233,862,778 shares, representing approximately 97.37% of the issued and outstanding shares, were validly tendered and not properly withdrawn. All conditions for the consummation of the tender offer have been satisfied, and Shift4 has accepted and will promptly pay for all validly tendered shares.Immediately following the completion of the tender offer, the current directors of Global Blue were replaced by Shift4-appointed directors, as approved by Global Blue shareholders at an extraordinary general meeting on May 6, 2025. Shift4 intends to facilitate the delisting of Global Blue’s shares from the NYSE and initiate a squeeze-out merger under Swiss law to acquire the remaining 2.63% of outstanding shares.