Payments processor Shift4 slides after $2.5 billion deal to buy Global Blue, Q4 results

Global Blue Holding

19/02/2025 11:15

** Shares of payments processor Shift4  FOUR.N  fall 10.3%
to $112.69 premarket
    ** FOUR late Tuesday announced a $2.5 billion deal to buy
travel- and retail-focused financial technology platform Global
Blue  GB.N 
    ** The deal is expected to close by Q3 2025
    ** FOUR will pay $7.50/shr for the company, representing a
15% premium to GB's closing price on February 14
    ** GB stock jumps 18.3% in premarket trading
    ** Two existing GB investors, Ant International and Tencent
 0700.HK , intend to remain shareholders in the combined
business
    ** Meanwhile, FOUR's Q4 revenue of $887 million missed
analysts' expectations of $1.01 billion, according to estimates
compiled by LSEG
    ** Citi analyst Andrew Schmidt says a stock breather after
the recent run would not be surprising
    ** Raymond James says GB is a great strategic fit, adding
that FOUR's execution on its M&A playbook "has been nothing
short of impressive"
    ** FOUR stock jumped 39.6% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))