Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII

Commerce Bancshares (CBSH) has announced a strategic repositioning of its balance sheet following the acceptance of a share exchange deal with Visa Inc. (V) .This January, in a Securities and Exchange Commission filing, Visa announced receipt of its shareholders' approval to amend its Certificate of Incorporation “that redenominated the Visa Class B common stock to Visa Class B-1 common stock.” The shareholders also authorized V to conduct one or more exchange offers. The company’s unique share structure – ...