Shift4 Payments Stock Sinks On $2.5B Deal To Buy Global Blue, But Retail Bulls Aren't Fading

The company would use its own cash and a $1.8 billion loan facility to finance the deal, which is expected to close in the third quarter.

Shift4 Payments (FOUR) stock fell 10.7% after the bell on Tuesday after the company agreed to buy financial technology firm Global Blue in a deal valued at $2.5 billion.

The company will acquire Global Blue for $7.50 per share in cash, which implies a 15% premium to Global Blue’s closing share price as of Feb. 14.

“Integrating Global Blue into our unified payments platform positions Shift4 as a leading unified commerce payment provider around the world,” Shift4 President Taylor Lauber said.

Shift4 said Global Blue’s tax refund and currency conversion capabilities would enhance the end-to-end experience for its merchants.

The company added that Global Blue shareholders Ant International, a part of the Alibaba Group, and Tencent are exploring strategic partnerships with Shift4 and plan to remain shareholders in the combined business.

Shift4 would use its own cash and a $1.8 billion loan facility to finance the deal, the company said. The transaction is expected to close in the third quarter.

Separately, the company reported adjusted earnings of $1.35 per share for the fourth quarter, which topped Wall Street’s estimate of $1.15 per share.

The company reported end-to-end payment volumes of $47.9 billion, a 49% rise compared to the year-ago quarter.

Shift4 forecast 2025 volumes to be between $200 billion and $220 billion and projected adjusted earnings before interest, taxes, depreciation, and amortization between $830 million and $855 million.

Retail sentiment on Stocktwits moved higher in the ‘extremely bullish’ (84/100) territory than a day ago, while retail chatter remained ‘extremely high.’

Over the past year, Shift4 stock has gained 64%.

Shift4’s CEO, Jared Isaacman, has been picked by U.S. President Donald Trump to lead NASA.

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