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Stock impact report

Commerce Bancshares, Inc. Announces Participation in Visa Exchange Offer

Commerce Bancshares, Inc. (CBSH) 
Last commerce bancshares, inc. earnings: 4/28 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.commercebank.com/presentations
Company Research Source: Business Wire
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that it has participated in an exchange offer initiated by Visa Inc. (“Visa”) involving a portion of the Company’s Visa Class B-2 common stock holdings.Under the terms of the exchange offer, and subject to final settlement, Commerce expects to exchange tendered Visa Class B-2 shares for a combination of Visa Class B-3 common stock and Visa Class C common stock. The Company has tendered all 411,723 of its shares of Visa Inc. Class B-2 common stock and is awaiting notification of acceptance of that tender and the closing of the exchange offer.If the Company’s tendered shares are accepted and the exchange occurs in the second quarter of 2026, Commerce expects to record a significant gain during the second quarter of 2026, based on the conversion privilege of the Class C common stock and the closing price of Visa Class A common stock. Additionally, if the tendered shares are accepted and the ex Show less Read more
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