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AI brief of an SEC Form 8-K · Shift4 (FOUR)

Shift4 completes squeeze-out merger of Global Blue, delisting shares at $7.50 cash

Neutral Impact 4 of 5 m&a Written later

On August 18, 2025, Shift4 completed a squeeze-out merger of Global Blue, which had been subject to Shift4's tender offer completed July 3, 2025. Global Blue merged into a Shift4 wholly owned subsidiary, and its remaining shares were converted into the right to receive cash. Global Blue's shares are being delisted from the NYSE and deregistered with the SEC, so public shareholders no longer hold a listed stake in the company.

Key points

  • Merger consummated August 18, 2025; Global Blue merged with and into Merger Sub, a wholly owned Shift4 subsidiary.
  • Shift4 owned 97.37% of Global Blue shares following the tender offer completed July 3, 2025.
  • The remaining 2.63% of shares were converted into the right to receive $7.50 per common share in cash, subject to applicable withholding taxes.
  • Global Blue shares were suspended from NYSE trading before market open on August 18, 2025; Form 15 deregistration filing is planned.

The filing

CompanyShift4 (FOUR)
Form8-K, current report
Filed with the SECAug 18, 2025, 8:44 AM ET
Accession number0001193125-25-182293

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.