Visa (V) Misses Q4 EPS by 1c

Visa (V) PT Lifted to $89 at Piper Jaffray

Piper 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

Standard & 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

Visa (V) to Acquire Visa Europe in EUR 21.2B Deal

Visa (NYSE: V) and Visa Europe Ltd. announced a definitive agreement for Visa Inc. to acquire Visa Europe, creating a single global company. The transaction consists of upfront consideration of 16.5 billion with the potential for an additional earn-out of up to 4.7 billion payable following the fourth anniversary of closing, for a total value of up to 21.2 billion. The upfront consideration comprises 11.5 billion of cash and preferred stock convertible into Visa Inc. class A common stock valued at 5 billion.1 Both companies boards were unanimous in their support of the transaction. The transaction is subject to regulatory... More