World Markets

Visa Unit Reaches Agreement On All Cash Offer For Earthport - Quick Facts

( - Visa International Holdings Limited or Bidco, a subsidiary of Visa, and Earthport have reached agreement on the terms of a recommended all cash offer for the entire issued and to be issued ordinary share capital of Earthport by Bidco. The offer values the entire issued and to be issued ordinary share capital of Earthport at approximately 198 million pounds on a fully diluted basis. Each Scheme shareholder will be entitled to receive: for each Earthport share held 30 pence in cash.

The Earthport Board said it intends to recommend unanimously the offer to the company's shareholders. Sunil Sabharwal, Chairman of Earthport, said: "The Earthport Board believes the offer by Bidco represents an opportunity for shareholders to realise an immediate and attractive cash value in Earthport today."

Read the original article on RTTNews (

For comments and feedback: contact

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics

Stocks Banking


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More