Capital One tells Bloomberg ‘well-positioned’ for Discover deal approval

A Capital One (COF) representative commented in a statement to Bloomberg’s Paige Smith that the company remains “well-positioned to gain approval” for its deal to acquire Discover Financial Services (DFS) after shares of both fell on Monday. “Our announced deal with Discover Financial complies with the Bank Merger Act’s legal requirements,” the spokesperson is quoted as having said. Discover Financial slid as much as 12.5% earlier this afternoon, while shares of buyer Capital One dropped as much as 7%.