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Visa | SC TO-I: Issuer tender offer statement

Visa | SC TO-I: Issuer tender offer statement

Visa | SC TO-I:投标报价单
SEC announcement ·  04/08 09:32
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Visa Inc. has announced an issuer tender offer, as detailed in a Schedule TO filed with the Securities and Exchange Commission. The offer involves an exchange of any and all outstanding shares of Visa's Class B-1 common stock for a combination of Class B-2 common stock, Class C common stock, and potentially cash in lieu of fractional shares. The exchange is subject to terms and conditions outlined in the Prospectus dated April 8, 2024. Participants in the exchange are required to enter into a Makewhole Agreement, obligating them to reimburse Visa for future obligations related to certain U.S. litigation that would have been borne by the holder of Class B-1 common stock. The exchange offer is set to expire at...Show More
Visa Inc. has announced an issuer tender offer, as detailed in a Schedule TO filed with the Securities and Exchange Commission. The offer involves an exchange of any and all outstanding shares of Visa's Class B-1 common stock for a combination of Class B-2 common stock, Class C common stock, and potentially cash in lieu of fractional shares. The exchange is subject to terms and conditions outlined in the Prospectus dated April 8, 2024. Participants in the exchange are required to enter into a Makewhole Agreement, obligating them to reimburse Visa for future obligations related to certain U.S. litigation that would have been borne by the holder of Class B-1 common stock. The exchange offer is set to expire at one minute after 11:59 P.M., New York City time, on May 3, 2024, unless extended. Visa's CEO, Ryan McInerney, is the authorized person to receive notices and communications regarding the offer. The exchange aims to streamline Visa's common stock structure and is not open to the public market as there is no established public trading for Class B-1 common stock.
Visa Inc.已宣布发行人要约,详情见向美国证券交易委员会提交的附表TO。该要约涉及将Visa的B-1类普通股的所有已发行股票交换为B-2类普通股、C类普通股以及可能以现金代替部分股票的组合。该交易所受2024年4月8日招股说明书中概述的条款和条件的约束。交易所的参与者必须签订一份改造协议,规定他们有义务向Visa偿还与某些美国诉讼相关的未来债务,这些债务本应由B-1类普通股的持有人承担。除非延期,否则交易所要约将在纽约时间2024年5月3日晚上 11:59 之后的一分钟到期。Visa首席执行官瑞安·麦金纳尼是接收有关该提议的通知和通信的授权人士。该交易所旨在简化Visa的普通股结构,由于尚无B-1类普通股的公开交易,因此不向公开市场开放。
Visa Inc.已宣布发行人要约,详情见向美国证券交易委员会提交的附表TO。该要约涉及将Visa的B-1类普通股的所有已发行股票交换为B-2类普通股、C类普通股以及可能以现金代替部分股票的组合。该交易所受2024年4月8日招股说明书中概述的条款和条件的约束。交易所的参与者必须签订一份改造协议,规定他们有义务向Visa偿还与某些美国诉讼相关的未来债务,这些债务本应由B-1类普通股的持有人承担。除非延期,否则交易所要约将在纽约时间2024年5月3日晚上 11:59 之后的一分钟到期。Visa首席执行官瑞安·麦金纳尼是接收有关该提议的通知和通信的授权人士。该交易所旨在简化Visa的普通股结构,由于尚无B-1类普通股的公开交易,因此不向公开市场开放。
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