Visa Inc. will acquire Visa Europe for $12.31 billion (€11.5 bil.) in cash and $5.35 billion (€5 bil.) in preferred stock convertible into Visa Inc. Class A common stock. The transaction is expected to close in Visa Inc.’s fiscal third quarter of 2016, which ends in June. Visa Europe is an association owned and operated by approximately 3,000 financial institutions in 38 countries. Members have issued more than 500 million Visa cards that generate more than $1.605 trillion (€1.5 tril.) in card payment volume from more than 18 billion transactions annually. Visa Europe members could ...