Clarification of Shift4 M&A Priorities

Rhea-AI Summary

Shift4 (NYSE: FOUR) clarified that it is not pursuing an acquisition of EVO Payments, despite media speculation. The company expressed respect for EVO due to their longstanding relationship but emphasized that its current focus is on capitalizing on new growth verticals. CEO Jared Isaacman highlighted that deploying capital to meet demand from recent wins is essential for maintaining industry-leading growth and maximizing long-term shareholder value.

Positive

• Shift4 is focused on growth verticals that may enhance future revenue.
• CEO's commitment to maximizing long-term shareholder value demonstrates strategic leadership.

Negative

• None.

ALLENTOWN, Pa.--(BUSINESS WIRE)-- In response to media reports regarding a potential acquisition of EVO Payments, Shift4 would like to clarify that it is not pursuing one at this time. While Shift4 has tremendous respect for the EVO team given their mutual 20+ year history in the industry, Shift4’s current M&A priorities are focused on supporting our exciting new growth verticals announced at the November 10^th Investor Day.

Shift4 CEO Jared Isaacman states, “Deploying capital to fulfill the demand generated by these signature wins best positions us to continue our industry-leading growth and maximize long-term shareholder value.”

About Shift4

Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit www.shift4.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211117006233/en/

Investor Relations

Thomas McCrohan

EVP, Strategy and Investor Relations

Shift4

(484) 735-0779

tmccrohan@shift4.com



Media Contacts

Nate Hirshberg

Vice President, Marketing

Shift4

nhirshberg@shift4.com

Source: Shift4

FAQ

Is Shift4 pursuing an acquisition of EVO Payments?

No, Shift4 is not pursuing an acquisition of EVO Payments at this time.

What is Shift4's current focus regarding mergers and acquisitions?

Shift4's current focus is on supporting new growth verticals rather than pursuing acquisitions.

What did Shift4's CEO say about the company's capital deployment?

CEO Jared Isaacman stated that deploying capital to meet demand is crucial for industry-leading growth.

How does Shift4 plan to maximize shareholder value?

Shift4 aims to maximize shareholder value by fulfilling demand generated by signature wins.