Visa to buy Visa Europe in deal worth as much as $23 billion
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Visa (V) PT Lifted to $89 at Piper Jaffray
November 3, 2015 8:30 AM ESTPiper Jaffray analyst Jason Deleeuw reiterated an Overweight rating and boosted its price target on Visa (NYSE: V) to $89.00 (from $85.00) following Q3 results and the acquisition of Visa Europe.
Deleeuw commented, "Visa slightly beat revenue, but EPS of $0.62 missed consensus at $0.63. Constant-FX volume growth remained solid at... More
S&P Affirms Ratings on Visa (V) Amid Move to Acquire Visa Europe; Outlook Remains Stable
November 2, 2015 11:20 AM ESTStandard & Poor's Ratings Services said that it affirmed its 'A+' long-term and 'A-1' short-term issuer credit ratings on Visa Inc. (NYSE: V). The outlook remains stable.
The affirmation follows Visa's announcement of a 21 billion ($23.9 billion) acquisition of Visa Europe. The company has indicated it will offer an upfront purchase price of 16.5 billion ($18.6 billion), consisting of 11.5 billion ($13.0 billion) in cash and up to 5 billion ($5.6 billion) in preferred stock, and a contingent earnout of up to 4.7 billion ($5.3 billion) payable after four years, if Visa Europe achieves incremental net revenue targets.
Although Visa would be... More
