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.

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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.

RTTNews | Aug 24, 2021 01:23AM EDT

01:23 Tuesday, August 24, 2021 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3220597/santander-holdings-to-acquire-santander-consumer-usa-for-41-50-shr-quick-facts.aspx)

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