Corporate ActionMay 11, 2026, 09:16 AM
Visa Announces Exchange Offer Results for Class B-1 and B-2 Stock
AI Summary
Visa announced the expiration and results of its exchange offer for Class B-1 and B-2 common stock, which concluded on May 8, 2026. The offer allowed participating holders to exchange their shares for a combination of Visa's Class B-3 common stock, Class C common stock, and cash for fractional shares. Visa accepted approximately 2.7 million Class B-1 shares and 119.8 million Class B-2 shares, representing about 98% of the total outstanding Class B-1 and B-2 shares. In exchange, Visa will issue 60.6 million Class B-3 shares and 23.3 million Class C shares, along with cash for fractional shares.
Key Highlights
- Visa's Exchange Offer for Class B-1 and B-2 common stock expired on May 8, 2026.
- Accepted approximately 2.7 million shares of Class B-1 common stock.
- Accepted approximately 119.8 million shares of Class B-2 common stock.
- Will issue approximately 60.6 million shares of Class B-3 common stock.
- Will issue approximately 23.3 million shares of Class C common stock.
- Cash for fractional shares will be paid based on a Class A common stock price of $318.79.
- Accepted stock represents approximately 98% of outstanding Class B-1 and B-2 shares.
- This includes approximately 55% of outstanding Class B-1 and over 99% of Class B-2 shares.
Price Impact
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