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The vote caps months of wrangling between Third Point and the private equity owners of Global Blue, which Far Point had agreed to acquire in January but has since seen its business suffer due to the COVID-19 pandemic. Global Blue processes payments made by international travelers on luxury good purchases at airports and has been hit by the global decline in air travel.
The deal was thrown into doubt in May when Far Point changed its recommendation to shareholders and asked them to vote against the deal. Then in July private equity firm Silver Lake, which owns Global Blue together with Partners Group Holding AG, offered a string of concessions to Far Point, including an offer not to issue a pre-transaction dividend of 154 million euros. A compromise was announced on Aug. 16, with Silver Lake and Partners Group agreeing to take a smaller cash payout in the deal and instead receiving additional shares in the new Global Blue company.
https://www.nytimes.com/reuters/2020/08/24/business/24reuters-far-point-m-a-global-blue-vote.html
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