UPDATE 2-Capital One to buy Onyx Acceptance for $191 mln

Newswire

(releads, adds details) NEW YORK, Sept 22 (Reuters) - Capital One Financial Corp., one of the largest Mastercard and Visa credit card providers in the world, said on Wednesday it will buy Onyx Acceptance Corp. for $191 million, creating the second largest independent U.S. auto lender. McLean, Virginia-based Capital One said Onyx shareholders will receive $28 per share. Capital One said the transaction is not expected to have a material impact on 2005 earnings. The acquisition of Onyx ...

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