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-0.000587789154341952 0.000853242320819199 0.000417140690178285 -0.000568828213879322 -0.00453166477057259 0.0127038301099735 0.00864618885096712 0.00948995070155479
Stock impact report

Capital One-Discover A Done Deal, As DOJ Softens Stance? [Forbes]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Forbes
Department of Justice initially raised concerns over the $35.3 billion merger due to potential consolidation in the banking sector and reduced competition in the subprime credit segment, it is now reportedly concentrating on how the merger may impact consumers lacking a credit history. The Capitol Forum, an investigative outlet, indicated that the DOJ may not pursue legal action to block the deal, as it likely does not have sufficient grounds to win in court. Although shareholders have approved the merger, it still awaits regulatory approval from the Federal Reserve and the Office of the Comptroller of the Currency. Discover's stock has risen roughly 7% in the past two trading sessions, reaching around $171 per share—just below the $181 value implied by the deal terms. The tightening gap suggests growing investor confidence in the deal's success. PROMOTED What are the deal's potential advantages? Capital One and Discover both issue credit cards and together represent less than Show less Read more
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