- Discover Financial Services Corp. (NYSE: DFS)
NEW
YORK, Feb. 20, 2024 /PRNewswire/ -- Moore Law
PLLC, a law firm focusing on securities litigation located on Wall
Street in downtown New York City,
is investigating potential claims concerning whether the following
proposed mergers are fair to shareholders. Moore Law may seek
increased consideration, additional disclosures, or other relief on
behalf of the shareholders of these companies.
If you remain a Discover shareholder and have concerns about the
fairness of the deal price, you may contact our firm by email at
fletcher@fmoorelaw.com of telephone (212) 709-8425.
Why is there an investigation?
On February 19, 2024, Discover
announced that it had agreed to merge with Capital One in an
all-stock transaction. Under the terms of the deal, each Discover
shareholder will receive 1.0192 shares of Capital One, which values
Discover at nearly $140.00 per share
based on Capital One's closing price on February 16, 2024.
The investigation concerns whether the Discover Board of
Directors acted in the best interests of Discover shareholders in
approving the merger. This includes whether the valuation agreed
upon is fair to Discover shareholders, and whether all material
information regarding the transaction has been fully disclosed.
About Moore Law PLLC
Moore Law PLLC represents shareholders who are interested
in understanding and enforcing their shareholder rights. We provide
free consultations and contingency fee services. Moore Law pays
all case costs and does not charge its investor
clients. Shareholders should contact the firm
immediately as there may be limited time to enforce your
rights.
Contact:
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, NY 10005
fletcher@fmoorelaw.com
(212) 709-8245
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SOURCE Moore Law PLLC