** Payments processor Shift4 Payments' FOUR.N shares fall 6.2% to $84.30 premarket
** FOUR launches public offering of 7.5 million shares of 3-year mandatory convertible preferred stock
** Proceeds will be used to fund a portion of its $2.5 billion deal for retail-focused financial technology platform Global Blue GB.N and other purposes, including debt repayment
** Stock closed up 12.8% at $89.86 on Tuesday after Q1 results
** Goldman Sachs, Citigroup Global Markets, Wells Fargo Securities, Barclays Capital, Citizens JMP Securities, and Santander US Capital Markets are the joint book-running managers for the offering
** FOUR has 89 million outstanding shares for $8 billion market cap, per LSEG
** 18 of 23 brokerages rate the stock "buy" or higher and 5 "hold"; median PT $113 - data compiled by LSEG
** As of last close, FOUR stock was down 13.4% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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