Capital One To Buy ING Direct, ING Shares Rise In Pre-Market Trading

Shares of ING Groep NV ING gained more than 4% in pre-market trading after Capital One Financial Corp COF agreed to purchase ING Direct from ING Groep for $9 billion in cash and stock. Capital One will pay $6.2 billion in cash and $2.8 billion in stock. As a part of the deal, ING will receive a 9.9% stake in Capital One. COF shares fell 0.10% to $48.95 in after-hours trading, while ING shares gained 4.16% to $11.76 in pre-market trading. Read more from Benzinga's Company news.