Capital One Financial (COF) and Discover Financial Services (DFS) announced that each company’s respective stockholders have voted to approve “Capital One’s previously announced acquisition of Discover at each company’s special meeting of stockholders. Stockholder approval marks an important milestone in the process to combine Capital One and Discover, two mission-driven companies with proven track records of delivering best-in-class solutions for consumers, small businesses, merchants and communities. Capital One anticipates that the transaction will close in early 2025, subject to approval by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, and other customary closing conditions. As previously announced, the Delaware State Bank Commissioner approved Capital One’s proposed acquisition of Discover on December 18, 2024,” the companies stated.
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