If you’re tracking the Shift4 (NYSE: FOUR) and Global Blue (NYSE: GB) acquisition story, there’s a fresh update worth noting.

Shift4 Payments, Inc. has just extended its tender offer to acquire all outstanding shares of Global Blue Group Holding AG, a move that’s turning heads in the payments and fintech space.

Originally announced back in February 2025, the all-cash tender offer is being made through GT Holding 1 GmbH, a Swiss-based subsidiary of Shift4.

And the good news is that one of the biggest hurdles, the 90% minimum tender condition, has already been met.

As of late May 2025, about 96.66% of Global Blue shares have been validly tendered, according to Equiniti Trust Company, the depositary and paying agent handling the offer.

There’s a valid reason for this extension.

Shift4 is waiting on final regulatory approvals from several jurisdictions. In the meantime, the tender offer will remain open until June 5, 2025, at 11:59 p.m. (NYC time), which gives the parties more room to wrap up regulatory formalities. Shareholders who’ve already tendered their shares don’t need to do anything further.

The deal is expected to close by Q3 2025, assuming all remaining conditions are satisfied. Global Blue’s board of directors has unanimously recommended that shareholders support the transaction. This is another sign that this acquisition is on solid footing.

For investors, this merger represents a strategic alignment between Shift4’s payment technology and Global Blue’s expertise in tax-free shopping and retail tech, particularly in European and Asian markets. If completed, this deal could significantly expand Shift4’s global footprint and unlock new revenue channels.

As always, investors should continue monitoring updates closely, especially if you’re holding shares in either company. Regulatory clearance is the final piece of the puzzle before this high-profile deal becomes official.