By Dean Seal
Shares of Shift4 Payments slid after it said it would buy Global Blue Group, whose shares have surged close to the proposed deal price.
Shift4 stock was down 14% at $108.11 in early trading, erasing most of its year-to-date gains. Shares of Global Blue, meanwhile, jumped 18% to $7.33.
That's close to the $7.50 per-share price that Shift4 said it would pay for Global Blue, a provider of tax-free shopping services, as the payments processor looks to add more top retailers to its customer list.
Global Blue helps retailers such as Prada, Nike and Ikea manage tax-free shopping transactions, and also gives shoppers currency-conversion and tax-refund services.
Shift4's chief executive and chairman, Taylor Lauber, has been nominated by Donald Trump to serve as the next leader of NASA.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
Shift4's chief executive and chairman, Jared Isaacman, has been nominated by Donald Trump to serve as the next leader of NASA. "Shift4 Slumps While Global Blue Stock Climbs Toward Deal Price" at 10:06 a.m. ET misstated that President Taylor Lauber was the nominee.
(END) Dow Jones Newswires
February 19, 2025 11:01 ET (16:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。