Under Swiss law, Global Blue merged with and into Global Blue Group Holding GmbH (formerly GT Holding 1 GmbH), with the latter continuing as the surviving entity and a wholly-owned subsidiary of Shift4. As a result of this merger, the remaining 2.63% of Global Blue’s outstanding shares, which were not acquired in the preceding tender offer, have been cancelled. These shares were converted into the right to receive $7.50 per common share in cash, subject to any applicable withholding taxes.
The merger received approval from Global Blue shareholders at an extraordinary general meeting held on August 18, 2025. Following the consummation of the merger, Shift4 initiated the voluntary delisting of Global Blue’s shares from the New York Stock Exchange. This completion follows Shift4’s successful tender offer on July 3, 2025, through which it acquired approximately 97.37% of Global Blue’s issued and outstanding shares. Shift4 accepted and paid for all validly tendered shares in accordance with the terms outlined in the Tender Offer Statement on Schedule TO, filed with the U.
S. Securities and Exchange Commission on March 21, 2025.
Shift4, listed on the NYSE as FOUR, is a provider of integrated payments and commerce technology. The company processes billions of transactions annually for various businesses. Global Blue, also previously listed on the NYSE as GB, operates as a specialty payments and technology platform. It facilitates tax-free shopping, dynamic currency conversion, and payment solutions for retail brands, connecting retailers, acquirers, and hotels with consumers across 52 countries, offering services in Tax Free Shopping, Payments, and Post-Purchase solutions.
