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)
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
136.6 USD | -0.73% | -2.84% | +4.19% |
May. 24 | Sector Update: Financial Stocks Rise Late Afternoon | MT |
May. 24 | Sector Update: Financial Stocks Higher Friday Afternoon | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
46,550 KRW | -0.96% | -5.00% | 17.6B | ||
136.6 USD | -0.73% | -2.84% | 52.58B | ||
121.8 USD | -1.14% | -2.24% | 30.88B | ||
62.45 USD | -1.78% | -1.12% | 121B | ||
39.32 USD | -0.96% | +1.29% | 310B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+4.19% | 52.58B | |
+26.64% | 171B | |
-7.13% | 8.04B | |
+1.41% | 534M | |
+15.52% | 512M | |
+38.51% | 288M | |
0.00% | 175M |
- Stock Market
- Equities
- COF Stock
- News Capital One Financial Corporation
- The biggest deals in credit card sector globally