CORRECTED-BUZZ-Capital One drops 5% after announcement of $5.15 billion Brex acquisition deal (Jan 22)

Reuters
01/23
CORRECTED-BUZZ-Capital One drops 5% after announcement of $5.15 billion Brex acquisition deal (Jan 22)

In January 22 Buzz, corrects figures to 'billion' not 'million' and adds dropped dollar symbol in bullet 5

** Shares of U.S. lender Capital One COF.N falls 5.08% to $222.75 after the bell

** Co announces it will acquire fintech firm Brex in cash and stock deal valued at $5.15 billion

** Deal will be carried out on 50-50 cash-stock basis

** Co also posts Q4 adj. EPS of $3.86 vs estimates of $4.11 - data compiled by LSEG

** Reports Q4 revenue of $15.58 billion vs estimates of $15.48 billion - LSEG data

** As of last close, COF up 16.9% in last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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