M&A
confidence high
sentiment positive
materiality 0.80
Santander Holdings USA gets Fed approval, completes tender offer for Santander Consumer USA shares at $41.50
Santander Holdings USA, Inc.
- Tender offer expired Jan 27, 2022; 14,184,414 SC shares tendered (~4.6% of outstanding, 23.5% of minority stake).
- All conditions satisfied, including Federal Reserve Board approval; merger closes Jan 31, 2022.
- Remaining SC shares not tendered will be converted into $41.50 per share cash in the merger.
- SC common stock will be delisted and cease trading on NYSE upon merger consummation.