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Visa Drops on U.S. Antitrust Probe of Debit Strategy

Visa Inc. shares slid 4.7 percent, the most since August, after the world’s biggest electronic-payments network disclosed a U.S. antitrust probe into its pricing for debit-card transactions.

The U.S. Justice Department’s antitrust division asked the San Francisco-based company for information about its debit strategy on March 13, Chief Executive Officer Joseph W. Saunders said yesterday.