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Santander Holdings To Acquire Santander Consumer USA For $41.50/shr - Quick Facts

August 24, 2021 — 01:23 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - A wholly-owned subsidiary of Santander Holdings USA, Inc. will commence a tender offer to acquire all of the outstanding shares of Santander Consumer USA Holdings' (SC) common stock that SHUSA does not yet own at a price of $41.50 per share in cash. The deal represents a total equity value of $12.7 billion.

Upon completion of the acquisition, Santander Consumer USA will become a wholly owned unit of Santander Holdings USA. The tender offer is not subject to any financing condition.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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