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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Visa Inc | NYSE:V | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 4.18 | 1.56% | 272.67 | 272.78 | 269.57 | 269.65 | 3,957,440 | 22:05:43 |
From May 2019 to May 2024
By Chris Wack
Visa Inc. (V) will deposit $600 million into its litigation escrow account, previously established under its U.S. retrospective responsibility plan.
The San Francisco-based credit-card company said Tuesday that under the terms of the plan, its class B shares are subject to dilution through a downward adjustment to the conversion rate to class A shares due to the deposit. The deposit will have the same effect on earnings per share as repurchasing the company's class A common stock.
Visa's deposit of the funds and the adjustment to the class B conversion rate will be conducted in accordance with its certificate of incorporation currently in effect.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 26, 2018 06:34 ET (10:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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