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CHICAGO — Shares of Riverwoods-based Discover Financial Services fell nearly 10% Tuesday after the company announced the sudden resignation of CEO Roger Hochschild amid compliance issues.
Under the terms of the all-stock transaction, Discover Financial shareholders will receive Capital One shares valued at nearly $140. The deal marries two of the largest credit card companies that ...
Shares of Discover are down 1.7% lower for the year, putting the company at a $27.63 billion market cap. Capital One has a market cap of $52.2 billion and shares of the company are up 4.6% in 2024.
On March 13, 2007, Discover Financial Services announced the Discover Motiva card, the credit card that gives cardmembers cash rewards for making six on-time monthly payments in a row. This card was the industry's first credit card to give cash rewards for good credit management.
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 ...
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 ...
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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 ...