Hibernia and Capital One Announce Special Meeting of Hibernia Shareholders
27 Setembro 2005 - 5:25PM
PR Newswire (US)
MCLEAN, Va. and NEW ORLEANS, Sept. 27 /PRNewswire-FirstCall/ --
Hibernia Corporation (NYSE:HIB) and Capital One Financial
Corporation (NYSE:COF) today announced that the date for the
special meeting of Hibernia shareholders to vote upon the amended
merger agreement with Capital One will be November 14, 2005. All
Hibernia shareholders of record on September 26, 2005, will be
eligible to vote on the matter. The associated prospectus and proxy
statement will be mailed to Hibernia shareholders on or about
October 1, 2005. The merger is scheduled to close two business days
following the special meeting of Hibernia shareholders, subject to
Hibernia shareholders' approval of the amended merger agreement and
the receipt and effectiveness of all necessary regulatory
approvals. Additional Information About this Transaction In
connection with the proposed merger, Capital One has filed with the
SEC a post-effective amendment to its Registration Statement on
Form S-4 that includes a new proxy statement of Hibernia that also
constitutes a prospectus of Capital One, and has filed a definitive
proxy statement/prospectus with the SEC. Hibernia will mail the
definitive proxy statement/prospectus to its stockholders.
Investors and security holders are urged to read the definitive
proxy statement/prospectus regarding the proposed merger, because
it contains important information. You may obtain a free copy of
the definitive proxy statement/prospectus and other related
documents filed by Capital One and Hibernia with the SEC at the
SEC's website at http://www.sec.gov/. The definitive proxy
statement/prospectus and the other documents also may be obtained
for free by accessing Capital One's website at
http://www.capitalone.com/ under the tab "Investors" and then under
the heading "SEC & Regulatory Filings" or by accessing the SEC
homepage at http://www.sec.gov/. Capital One, Hibernia and their
respective directors, executive officers and certain other members
of management and employees may be soliciting proxies from Hibernia
stockholders in favor of the merger. Information regarding the
persons who may, under the rules of the SEC, be considered
participants in the solicitation of the Hibernia stockholders in
connection with the proposed merger is set forth in the definitive
proxy statement/prospectus filed with the SEC. You can find
information about Capital One's executive officers and directors in
its definitive proxy statement filed with the SEC on March 21,
2005. You can find information about Hibernia's executive officers
and directors in its definitive proxy statement filed with the SEC
on March 15, 2005. You can obtain free copies of these documents
from Capital One and Hibernia using the contact information above.
Forward-looking statements Information in this press release
contains forward-looking statements, which involve a number of
risks and uncertainties. Capital One and Hibernia caution readers
that any forward-looking information is not a guarantee of future
performance and the actual results could differ materially from
those contained in the forward-looking information. Among the
factors that could cause actual results to differ materially are
the following: the impact of property, credit and other losses
expected as the result of Hurricane Katrina and Hurricane Rita; the
amount of government, private and philanthropic investment,
including deposits, in the geographic regions impacted by Hurricane
Katrina and Hurricane Rita; the pace and magnitude of economic
recovery in the region impacted by Hurricane Katrina and Hurricane
Rita; the potential impact of damages from future hurricanes and
other storms; the risk that Hibernia stockholders may not approve
the transaction; continued intense competition from numerous
providers of products and services which compete with Capital One's
or Hibernia's businesses; an increase or decrease in credit losses
(including increases due to a worsening of general economic
conditions); financial, legal, regulatory or accounting changes or
actions; changes in interest rates; general economic conditions
affecting consumer income, spending, repayments and savings; the
amount of, and rate of growth in, Capital One's and Hibernia's
expenses (including salaries and associate benefits and marketing
expenses); Capital One's and Hibernia's ability to execute on their
respective strategic and operational plans; the ability of Capital
One and Hibernia to recruit and retain experienced personnel to
assist in the management and operations; the risk that the
businesses of Capital One and Hibernia will not be integrated
successfully; the risk that the cost savings and any other
synergies from the transaction with Hibernia may not be fully
realized or may take longer to realize than expected; disruption
from the transaction making it more difficult to maintain
relationships with customers, employees or suppliers; and other
risk factors listed from time to time in Capital One's and
Hibernia's SEC reports, including, but not limited to, the
Quarterly Reports on Form 10-Q for the quarter ended June 30, 2005.
About Capital One Headquartered in McLean, Virginia, Capital One
Financial Corporation (http://www.capitalone.com/) is a financial
holding company whose principal subsidiaries, Capital One Bank,
Capital One, F.S.B. and Capital One Auto Finance, Inc., offer a
variety of consumer lending products. As of June 30, 2005, Capital
One's subsidiaries collectively had 48.9 million accounts and $83.0
billion in managed loans outstanding. Capital One is a Fortune 500
company and, through its subsidiaries, is one of the largest
providers of MasterCard and Visa credit cards in the world. Capital
One trades on the New York Stock Exchange under the symbol "COF"
and is included in the S&P 500 index. About Hibernia Hibernia
is on Forbes magazine's list of the world's 2,000 largest companies
and Fortune magazine's list of America's top 1,000 companies
according to annual revenue. As of June 30, 2005, Hibernia had
$22.1 billion in assets and 320 locations in 34 Louisiana parishes
and 35 Texas counties. Hibernia Corporation's common stock (HIB) is
listed on the New York Stock Exchange. DATASOURCE: Capital One
Financial Corporation; Hibernia Corporation CONTACT: Investors:
Mike Rowen, +1-703-720-2455, or Media: Tatiana Stead,
+1-703-720-2352, both of Capital One Financial Corporation; or
Investors: Trisha Voltz Carlson, +1-225-376-7761, , or Media:
Steven Thorpe, +1-713-435-5340, , both of Hibernia Corporation Web
site: http://www.capitalone.com/
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