Capital One to buy Discover Financial – WSJ

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Capital One said it will buy Discover Financial Services DFS -0.21%decrease; red down pointing triangle for more than $35 billion, a deal that will marry two of the largest credit-card companies in the U.S.

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Under the terms of the all-stock deal, Discover shareholders are set to receive 1.0192 Capital One shares for each Discover share, representing a premium of about 27% based on Discover’s closing price Friday. After the deal closes, Capital One shareholders will hold roughly 60% of the combined company…

https://www.wsj.com/finance/capital-one-is-buying-discover-financial-sources-say-a7c43dd2?st=jjpy1erkbsswsc5&reflink=article_copyURL_share

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