Shift4 Payments Extends Global Blue Tender Offer, Nears Acquisition Close

Shift4 Payments Inc. (NYSE:FOUR) is one of the best mid cap growth stocks to invest in now. Earlier on June 6, Shift4 Payments, through its indirect wholly-owned subsidiary GT Holding 1 GmbH, which is a Swiss limited liability company (Merger Sub), has further extended its all-cash tender offer to acquire all outstanding shares of Global Blue Group Holding (NYSE:GB). This extension is per the transaction agreement initially dated February 16 this year, which Merger Sub joined on February 25.

The tender offer is subject to several conditions, including regulatory approvals in certain jurisdictions and other customary closing conditions. Notably, the minimum tender condition, set at 90%, has already been met, with ~96.95% of Global Blue’s issued and outstanding shares having been validly tendered and not withdrawn as of June 5. Global Blue’s board of directors has unanimously recommended that all shareholders tender their shares into the offer.

Shift4 Payments Extends Global Blue Tender Offer, Nears Acquisition Close

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The transaction is still expected to close by Q3 2025, as previously announced. The tender offer will now remain open until one minute after 11:59 p.m. (NYC time) on June 23. It may be extended again if necessary, as the parties await the remaining regulatory approvals. Shareholders who have already tendered their shares do not need to take any further action.

Shift4 Payments Inc. (NYSE:FOUR) provides software and payment processing solutions in the United States and internationally. Global Blue Group Holding (NYSE:GB) provides technology and payments solutions for merchants, acquirers, customs, authorities, travelers, shoppers, and guests.

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Disclosure: None. This article is originally published at Insider Monkey.