Capital One to buy Discover Financial in $35B stock deal
BankInovation
FEBRUARY 19, 2024
Capital One Financial Corp. McLean, Virginia-based Capital One will pay 1.0192 of its own shares for each Discover share, a 26.6% agreed to buy credit-card lender Discover Financial Services in a $35 billion all-stock deal to create the largest US credit card company by loan volume. premium to the closing price on Feb.
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