Shift4 Payments extends tender offer to acquire Global Blue

Shift4 Payments (FOUR) is further extending its all-cash tender offer through its indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company, to purchase all of the outstanding shares of Global Blue (GB) pursuant to the transaction agreement of February 16 between Global Blue and Shift4, and, from and after its execution and delivery of a joinder thereto on February 25, 2025, Merger Sub. The tender offer is subject to certain conditions, including, among other things, satisfaction of a minimum tender condition, for which the 90% threshold has been met, the receipt of regulatory approvals in certain jurisdictions and other customary closing conditions. The transaction is still expected to close by Q3. Global Blue’s board of directors has unanimously recommended that all shareholders tender their shares into the offer. The tender offer will remain open until one minute after 11:59 p.m. NYC time on July 2, 2025 and may be extended again while the parties await certain regulatory approvals. As of June 23, approximately 233,255,077 shares have been validly tendered and not withdrawn, representing approximately 97.12% of the issued and outstanding shares.