Capital One Financial plans to acquire Discover Financial Services in a $35.3 billion all-stock deal. Discover shareholders will receive 1.0192 Capital One shares per Discover share, a 26% premium. The merger, expected to close in late 2024 or early 2025, will create a company where Capital One holds 60% and Discover 40%. The deal is expected to reshape the financial sector.
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal
