Discover Financial falls after stock offer

Mon Jul 6, 2009 4:42pm EDT
 
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NEW YORK (Reuters) - Discover Financial Services (DFS.N) shares fell 7.9 percent to $9.67 in extended trade on Monday after the credit card company said it has commenced a public offering for $500 million in common stock.

The company also said that it intends to offer senior notes in the near future, subject to market conditions.

(Reporting by Chuck Mikolajczak)

 

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