Capital One to Acquire Riverwoods-Headquartered Discover

On February 19, 2024, Capital One Financial Corporation published the following press release about its plans to acquire Discover Financial Service. The transaction is expected to close in late 2024 or early 2025, subject to satisfaction of customary closing conditions, including regulatory approvals and approval by the shareholders of each company.  Other than information that has been reported via news outlets, the Village has not been informed of additional details pertaining to this merger.