m_and_a
confidence high
sentiment positive
materiality 0.90
Shift4 completes $2.7B acquisition of Global Blue; 97.4% shares tendered at $7.50-$11.81 per share
Shift4 Payments, Inc.
- Acquired 97.37% of Global Blue shares via tender; aggregate consideration ~$2.7B in cash.
- Funded with $1B term loan, $1B mandatory convertible preferred (6% Series A), and €680M + $550M senior notes.
- Shift4 amended credit facility: revolver increased $100M to $550M, added $1B term loan due 2032.
- Planned statutory squeeze-out merger to acquire remaining shares; intends to delist Global Blue from NYSE.
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