Capital One’s Discover Acquisition

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Announced late today:

Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that each company intends to hold a special meeting of stockholders on February 18, 2025 for the companies’ respective common stockholders to consider and vote on Capital One’s acquisition of Discover and related matters.

It seems like the incoming federal administration may not seek the block the acquisition (which has banking implications, not just for credit card products).

What do we think we’ll see after the deal finally closes?

 

h/t CobaltSunsets

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