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

ReutersFeb 19, 2025 11:15 AM

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

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