Context

Shift4 entered into a definitive agreement to acquire 100% of Global Blue for a total consideration representing the most significant transaction in Shift4’s 26-year history. The deal was structured as a cash tender offer at $7.50 per common share, representing a 15% premium over the undisturbed stock price, alongside the acquisition of preferred shares. This strategic combination aims to merge Shift4’s dominant US payment infrastructure with Global Blue’s international leadership in tax-free shopping and currency conversion. By uniting their complementary geographic footprints, the merged entity will create a global commerce powerhouse operating in over 50 countries.

Target

Global Blue is a specialized technology and service partner dedicated to enhancing the international shopping journey through a comprehensive "phy-gital" ecosystem. The company is a global leader in Tax-Free Shopping services, enabling seamless VAT refunds for international travelers, and offers advanced Dynamic Currency Conversion (DCC) and e-commerce post-purchase solutions. Operating across 52 countries in Europe, APAC, and Latin America, the organization connects thousands of luxury retailers, acquirers, and hotels with nearly 80 million consumers. Its proprietary technology platform simplifies complex cross-border transactions at over 400,000 merchant locations, supported by specialized advisory services in business intelligence and digital marketing.