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News & Analysis > Capital One

Capital One Buyout of Louisiana Bank Clears Final Hurdle

November 15, 2005
 
November 15, 2005
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By Barton Eckert, Business Journals

Capital One Financial is a step closer to closing on its purchase of Louisiana's Hibernia Corp.

The shareholders of New Orleans-based Hibernia voted to approve a renegotiated price of $5 billion, which is 7.6 percent lower than the agreed amount before Hurricane Katrina hit the Gulf Coast.

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