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Capital One Receives Final Regulatory Approvals for Acquisition of Discover

1. COF's acquisition of Discover has received necessary regulatory approvals. 2. Shareholders overwhelmingly supported the transaction, indicating high confidence.

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FAQ

Why Very Bullish?

The acquisition approval strengthens COF's market position, reminiscent of historical M&A successes driving stock growth.

How important is it?

The significant regulatory and shareholder backing for the acquisition boosts investor confidence in COF.

Why Long Term?

The benefits from this acquisition will manifest over years, similar to past industry M&A outcomes.

Related Companies

DFS
MCLEAN, Va, & RIVERWOODS, Ill.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Capital One's proposed acquisition of Discover. This approval follows approval of the transaction by the Delaware State Bank Commissioner in December 2024, and by shareholders of more than 99 percent of each company's shar.

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