Visa Announces Expiration and Results of Exchange Offer for Class B-1 Common Stock
Visa Inc. (V)
Last visa inc. earnings: 4/30 04:01 pm
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US:NYSE Investor Relations:
investor.visa.com
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE:V) today announced that its Exchange Offer for Class B-1 common stock expired on May 3, 2024. The Exchange Offer allowed each participating holder of Class B-1 common stock to exchange their shares of Class B-1 common stock for a combination of Visa’s Class B-2 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.Today, Visa has accepted 240,677,470 shares of Class B-1 common stock tendered in the Exchange Offer. Based on the number of shares that were tendered, Visa will issue in exchange:1120,338,683 shares of Class B-2 common stock;47,759,832 shares of Class C common stock; andin lieu of issuing fractional shares, Visa will pay cash based on the reported closing Class A common stock price on the NYSE as of the expiration date of $268.49.The accepted stock represents 98 percent of outstanding Class B-1 shares. Settlement of the exchange will be made promptly.About VisaVisa (NYSE: V) is a wor
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V
Earnings
- 4/23/24 - Beat
V
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- 5/8/24 - Form 8-A12G
- V's page on the SEC website