Shift4 Payments, Inc. ("Shift4") has successfully completed the squeeze-out merger of Global Blue Group Holding AG ("Global Blue"), as announced on August 18, 2025. This merger involved Global Blue merging with and into Global Blue Group Holding GmbH, with the latter continuing as the surviving entity and becoming a wholly-owned subsidiary of Shift4.
As a result of the merger, the remaining 2.63% outstanding shares of Global Blue were cancelled and converted into the right to receive $7.50 per common share in cash, subject to any applicable withholding taxes. This decision was approved by the Global Blue shareholders at an extraordinary general meeting held on the same day as the announcement.
Prior to the merger, Shift4 had successfully completed a tender offer on July 3, 2025, to purchase approximately 97.37% of the issued and outstanding shares of Global Blue. All shares that were validly tendered and not validly withdrawn were promptly paid for in accordance with the terms of the tender offer statement filed with the U.S. Securities and Exchange Commission on March 21, 2025, as amended.
Following the consummation of the merger, Shift4 voluntarily delisted Global Blue's shares from the New York Stock Exchange.
Shift4, a leader in integrated payments and commerce technology, powers billions of transactions annually for hundreds of thousands of businesses across various industries. As a result of these announcements, the company's shares have moved 1.95% on the market, and are now trading at a price of $90.85. For more information, read the company's full 8-K submission here.
