“Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal”
February 22, 2024
“Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal.
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. The companies said they expect the deal to close in late 2024 or early 2025, after which Capital One shareholders would hold 60% and Discover shareholders would own 40% of the combined company…”
https://www.cnbc.com/2024/02/19/capital-one-acquiring-discover-financial-services-report-says.html