Discover says outside date of Capital One merger deal to be extended to May 19

In a regulatory filing, Discover Financial Services (DFS) noted that it has entered into an agreement and plan of merger with Capital One Financial (COF), as previously disclosed. In connection with the proposed mergers, Capital One filed with the Securities and Exchange Commission a registration statement on Form S-4 containing a joint proxy statement/prospectus, as amended, and filed a definitive joint proxy statement/prospectus with the SEC dated January 6, which Capital One and Discover first mailed to their respective stockholders on or about January 6, the filing stated. Each of Discover and Capital One will hold a special meeting of stockholders on February 18 to consider certain proposals related to the merger agreement. Pursuant to the merger agreement, subject to the receipt of the requisite stockholder approvals at the special meetings, and as a result of the closing conditions related to the requisite regulatory approvals not yet having been satisfied, the outside date under the merger agreement will be automatically extended to May 19, the filing stated.