Capital One to buy fintech Brex for $5.1 billion in cash, stock
Transaction is expected to be 50% in stock and 50% in cash
Capital One Financial Corp. agreed to acquire Brex, a financial-technology company that focuses on corporate expense management and accounting, for $5.15 billion.
The bank plans to buy closely held Brex for roughly 50% cash and 50% stock, McLean, Virginia-based Capital One announced in a statement Thursday, along with its fourth-quarter results.
– By Paige Smith (Bloomberg News)
