Capital One (COF) to Buy Discover Financial (DFS) for $35.3B

Capital One (COF) has inked an agreement to acquire Discover Financial Services (DFS) in an all-stock transaction valued at $35.3 billion. This strategic move is poised to reshape the landscape of the credit card industry, create a behemoth in the industry and unlock substantial value for shareholders while raising questions about regulatory scrutiny and competitive dynamics within the market.In pre-market trading, shares of COF are down 4.5%, while DFS has jumped 13.5%.The deal, expected to close in late 2 ...