M&A
confidence high
sentiment positive
materiality 0.70
Capital One and Discover stockholders approve acquisition with >99% votes in favor
CAPITAL ONE FINANCIAL CORP
- Capital One stockholders: >99.8% voted in favor, representing 85.1% of outstanding shares.
- Discover stockholders: >99.3% voted in favor, representing ~81.6% of outstanding shares.
- Transaction still needs approval from Federal Reserve and OCC; expected close early 2025.
- Delaware State Bank Commissioner approved the acquisition on December 18, 2024.