Capital One (COF) to acquire Discover Financial (DFS) in all-stock deal

Go back to Capital One (COF) to acquire Discover Financial (DFS) in all-stock deal

Capital One to Acquire Discover

February 19, 2024 6:42 PM EST

 Under the terms of the agreement, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, representing a premium of 26.6% based on Discover's closing price of $110.49 on February 16, 2024. Transaction is 100% stock consideration.

Creates a global payments platform at scale, with 70 million merchant acceptance points in more than 200 countries and territories
  Positions the combined company to compete with the largest payments companies and deliver enhanced value to a franchise of over 100 million customers
  Enables Capital One to leverage its customer... More