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On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...
Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up ...
Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49.
A marriage between Capital One and Discover Financial Services is on the table for $35.3 billion.If finalized, it could create one of the nation's largest consumer financial institutions—and ...
Capital One is acquiring Discover Financial Services in an all-stock transaction valued at $35.3 billion, the company said Monday.. Capital One shareholders will own 60% of the combined company ...
Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit. [42] When measured by card balances, Discover is the sixth largest credit card issuer in the U.S. behind JPMorgan Chase , Citigroup , Bank of America , Capital One and American Express , and ahead of Wells ...
Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network . In 2005, Discover Financial Services acquired Pulse , an electronic funds transfer network, allowing it to market and issue debit and ATM cards.
NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 ...
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