Capital One and Discover are awaiting regulatory and shareholder approval for their transaction. The bank first announced in February 2024 that it would acquire Discover in an all-stock deal worth $35.3 billion. Capital One CEO Richard Fairbank said at the bank’s press conference that the bank’s $490 billion acquisition of Discover is expected to close in early 2025.
Cap One and Discover to complete acquisition in ‘early 2025’
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