V - Capital One Set To Acquire Discover In Landmark $35.3B Deal | Benzinga
Capital One Financial Corp (NYSE: COF) has announced its plans to purchase Discover Financial Services (NYSE: DFS), marking a pivotal $35.3 billion all-stock transaction.
This strategic acquisition is poised to reshape the landscape of credit card services in the United States, bringing together two of the industry's heavyweights, according to CNBC.
As per the terms of the deal, Discover shareholders are slated to receive 1.0192 shares of Capital One for every share they hold, translating to a 26% premium over Discover's last closing price.
The completion of this merger is anticipated towards the end of 2024 or the beginning ...