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Capital One Raises $2B In Stock Offering

Capital One has raised $2 billion through a common stock offering.

    Capital Onehasraised $2 billion through a common stock offering,Reutersreports. The Virginia-based financial services firm sold 40 million shares at $50.87 each.

    The lender intends to use the proceeds to fund its $9 billion takeover ofING Direct. The stock offering was underwritten byBarclays Capital,Morgan Stanley,Bank of America Merrill LynchandJP Morgan.

    Click here for the story fromReuters.

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