
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