MasterCard Extends Closing Date for Earthport Offer
February 27 2019 - 3:06AM
Dow Jones News
By Carlo Martuscelli
Mastercard Inc. (MA) said Wednesday that it is extending its
deadline to buy Earthport PLC (EPO.LN) to March 8.
The U.S. payments company said that as of Tuesday, it had
received acceptances from shareholders who held 0.29% of Earthport
shares.
Mastercard is involved in a bidding war for the U.K. company
with rival Visa Inc. (V).
On Feb. 8 Visa made an offer of 37 pence (47 cents) a share for
Earthport, trumping its competitor.
Mastercard said its now considering its options, and will make a
further announcement in due course.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
February 27, 2019 02:51 ET (07:51 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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