M&A
confidence high
sentiment neutral
materiality 0.80
Shift4 to acquire Global Blue for $7.50/common share; tender offer with ~90% holder support
Shift4 Payments, Inc.
- Shift4 offers $7.50/GB common share, $10.00/Series A, $11.81/Series B; total consideration via tender offer.
- Supporting shareholders owning ~90% of Global Blue shares agreed to tender and vote in favor of the deal.
- Shift4 secured $1.795B bridge loan commitment from Goldman Sachs to finance the acquisition.
- Transaction not subject to financing condition; closing requires minimum 90% tender and regulatory approvals.
- Global Blue may pay $40M termination fee if it accepts a superior proposal under specified conditions.