Capital One to Acquire Discover
MCLEAN, Va. and RIVERWOODS, Ill., Feb. 19, 2024 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion.
- At close, Capital One shareholders will own approximately 60% and Discover shareholders will own approximately 40% of the combined company.
- Capital One and Discover are proven credit card franchises with complementary strategies and a shared focus on the customer.
- The registration statement will include a joint proxy statement of Capital One and Discover that will also constitute a prospectus of Capital One.
- Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Capital One or Discover through the website maintained by the SEC at http://www.sec.gov or by contacting the investor relations department of Capital One or Discover at: