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STOCKS NEWS US-MasterCard to prepay obligations under settlement
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1040 ET 02July2009-MasterCard (NYSE: MA - news) to prepay obligations under settlement
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MasterCard Inc on Thursday agreed to prepay its obligations under a
legal settlement with U.S. merchants. It will received a 16 percent discount.
The prepayment will be made on Sept. 30.
MasterCard will pay $335 million to settle obligations through 2012
totaling $400 million, the credit card company said on Thursday.
For details, see
Shares of MasterCard rose 0.5 percent to $166.58.
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