Feb 20 (Reuters) - U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant. The deal, by value, is the biggest ever to be inked in the credit card sector globally, according to data from Dealogic. Here is a rundown of the biggest credit card industry deals across the world: Acquirer Target Deal value Period Capital One Discover $35.3 bln 2024 Financial Bank of America MBNA Corp $35.19 bln 2005 (100%) Existing Synchrony $21.63 bln 2015 Shareholders Financial (84.6%) Existing Discover $21.25 bln 2007 Shareholders Financial Services (100%) Shinhan Financial LG Card Co Ltd $7.2 bln 2006 Group (78.58%) Itau Unibanco Redecard SA $6.82 bln 2012 Holding SA (49.99%) Shinsei Bank Ltd Aplus Co Ltd $5.41 bln 2004 (67.74%) First Data Corp Banc of $3.8 bln 2009 America Merchant Services LLC (46.5%) Citigroup Federated $3.6 bln 2005 Department Stores Inc (Credit Card Portfolio, 100%) Citigroup Sears Roebuck $3.2 bln 2003 & Co (credit card business, 100%) Capital One HSBC Holdings $2.5 bln 2011 Financial (US credit card business, 100%) * Source: Dealogic * Deal value including debt (Compiled by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
145.8 USD | -0.28% | -1.18% | +10.97% |
Apr. 26 | Goldman Sachs Adjusts Price Target on Capital One Financial to $175 From $180 | MT |
Apr. 26 | Deutsche Bank Adjusts Price Target on Capital One Financial to $165 From $149 | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
46,750 KRW | +7.47% | +11.98% | 17.3B | ||
145.8 USD | -0.28% | -1.18% | 55.87B | ||
127.7 USD | -0.02% | +0.79% | 32B | ||
62.9 USD | +0.38% | +3.30% | 120B | ||
37.88 USD | +0.15% | +0.49% | 298B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+10.97% | 55.87B | |
+26.13% | 169B | |
-4.68% | 8.56B | |
-9.04% | 481M | |
+6.64% | 468M | |
-5.37% | 202M | |
0.00% | 174M |
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