BluePerspectives

Capital One to acquire Discover, bolstering credit card market power

Capitol One will acquire Discover Financial Services in a $35.3 billion all-stock transaction that is expected to boost the bank’s standing in the credit card market, the bank announced Monday. Discover shareholders will receive just over 1 (1.0192) Capitol One share for each Discover share they own, a nearly 27 percent premium based on Discover’s…

 Discover Financial Services will be acquired by Capital One in a$ 35.3 billion all-stock transaction that is anticipated to improve the bank’s position in the credit card market, the company announced on Monday. For each Discover share they own, Discover shareholders will receive just over 1 ( 1. 192 ) Capitol One share, a nearly 27 percent premium based on Discover’s… Discover Financial Services will be purchased by Capital One in a$ 35.3 billion all-stock transaction that is anticipated to improve the bank’s reputation in the credit card industry, the company announced on Monday. For each Discover share they own, Discover shareholders will receive just over 1 ( 1. 192 ) Capitol One share, a nearly 27 percent premium based on Discover’s… 

Capitol One will acquire Discover Financial Services in a $35.3 billion all-stock transaction that is expected to boost the bank’s standing in the credit card market, the bank announced Monday. Discover shareholders will receive just over 1 (1.0192) Capitol One share for each Discover share they own, a nearly 27 percent premium based on Discover’s…

  

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