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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 ...
Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.
In February 2024, Capital One announced it planned to acquire Discover Financial for over $35 billion. [1] [2] [3]In September 2024, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the United States Department of Justice Antitrust Division instituted new guidelines which call for stricter reviews of bank deals.
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 ...
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 ...
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.
Consumer banking – Capital One offers banking services, including checking accounts, saving accounts, and money market accounts via its branches and direct bank as well as retail and auto loans. As of December 31, 2018 [update] , the company had $2.864 billion in retail loans outstanding and $56.341 billion in car finance loans outstanding ...