BRIEF-Capital One To Acquire Discover

Capital One Financial Corp: * CAPITAL ONE TO ACQUIRE DISCOVER

* DISCOVER SHAREHOLDERS WILL RECEIVE 1.0192 CAPITAL ONE SHARES FOR EACH DISCOVER SHARE * TRANSACTION IS 100% STOCK CONSIDERATION

* CAPITAL ONE WILL ACQUIRE DISCOVER IN AN ALL-STOCK TRANSACTION VALUED AT $35.3 BILLION * UPON CLOSING, THREE DISCOVER BOARD MEMBERS, TO BE NAMED AT A LATER DATE, WILL JOIN THE CAPITAL ONE BOARD OF DIRECTORS

* THE DEAL IS EXPECTED TO BE MORE THAN 15% ACCRETIVE TO ADJUSTED NON-GAAP EPS IN 2027. * AT CLOSE, CAPITAL ONE SHAREHOLDERS WILL OWN ABOUT 60% AND DISCOVER SHAREHOLDERS WILL OWN ABOUT 40% OF COMBINED CO

* ACQUISITION IS EXPECTED TO GENERATE NETWORK SYNERGIES OF $1.2 BILLION IN 2027 Source text for Eikon: Further company coverage: