RTTNews | Jul 2, 2021 10:59AM EDT

10:59 Friday, July 2, 2021 (RTTNews.com) - Santander Consumer USA Holdings Inc. (SC) shares are rising on Friday morning after Santander Holdings USA Inc. said it has submitted a proposal to acquire all outstanding shares of common stock of SC for $39 per share in cash. The proposal represents a 7.4 percent premium to Wednesday's closing.

Santander Holdings currently holds around 80 percent of SC's outstanding common stock.

Currently, shares are at $40.51, up 11.20 percent from the previous close of $36.43 on a volume of 2,270,720. The shares have traded in a range of $16.03-$41.10 on average volume of 693,792 for the 52 week period.

Read the original article on RTTNews ( https://www.rttnews.com/3206729/santander-consumer-usa-gains-11-as-santander-holdings-plans-to-buy-remaining-shares-of-sc.aspx)

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