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Visa sweetens offer for Earthport, edging above Mastercard's bid

Feb. 08, 2019 6:15 AM ETVisa Inc. (V) Stock, EPCUF Stock, MA StockMA, V, EPCUFBy: Carl Surran, SA News Editor11 Comments
  • Visa (NYSE:V) raises its offer for payment solutions company Earthport (OTCPK:EPCUF) to £247M ($319.8M), pushing past Mastercard's (NYSE:MA) earlier bid.
  • Visa offers 37 pence in cash for each Earthport share, a 23% increase from its initial bid and 12% higher than Mastercard's £233M offer last month.
  • Earthport, which had supported the Mastercard bid, says it now recommending shareholders accept the increased Visa offer.

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