Capital One has agreed to acquire Discover Financial Services for $35.3 billion. The transaction, announced Feb. 19, is expected to close in late 2024 or early 2025. McLean, Virginia-based Capital One was advised by Wachtell, Lipton, Rosen & Katz. The Wachtell Lipton team was led by partners Edward D. Herlihy, Matthew M. Guest and Brandon C. Price. Discover, which is based in Chicago, was represented by a Sullivan & Cromwell team that included partners H. Rodgin Cohen, Mitchell S. Eitel and Jared M. Fishman.
Banking & Financial Services
February 20, 2024, 9:30 AM