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Capital One Financial Corp Announces Secondary Common Stock Offering by Selling Stockholder

Tuesday, 4 Sep 2012 04:14pm EDT 

Capital One Financial Corp announced that selling stockholder ING Bank N.V. intends to sell all of its approximately 54.0 million shares in Capital One in an underwritten public offering. BofA Merrill Lynch, Morgan Stanley and Citigroup will act as joint book-running managers for the offering, and propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise. Capital One will not sell any shares in the offering, and all net proceeds will be retained by ING Bank N.V. 

Company Quote

0.41 +0.50%
2:58pm EDT