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Visa to buy British payments firm Earthport for about $250 million

Updated : December 27, 2018 02:28 PM IST

Visa International Service Association, a unit of Visa, has offered 30 pence for each Earthport share, a price that is four times the stock's Monday closing price of 7.45 pence.
The London-headquartered firm said Visa's proposal was "fair and reasonable" and that it would recommend its shareholders take up the all-cash offer.
Visa to buy British payments firm Earthport for about $250 million
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