November 19, 2007 / 9:32 PM / in 11 years

Capital One, NetSpend to terminate acquisition agreement

Nov 19 (Reuters) - Capital One Financial Corp (COF.N) said it agreed to terminate its acquisition agreement with NetSpend Holdings Inc, and the companies plan to expand their existing strategic relationship.

Capital One, a credit card issuer and banking company, said it intends to acquire a minority interest in NetSpend, and this move is not expected to have a material effect on its earnings per share in 2008, it said in a statement. (Reporting by Sharangdhar Limaye in Bangalore; Editing by Deepak Kannan)

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