SHUSA completes acquisition of Santander Consumer USA for $41.50/share, ~$2.5B total consideration

Santander Holdings USA, Inc.

All-cash tender offer expired Jan 27, 2022; ~23.5% of shares tendered, followed by merger under DGCL 251(h).
Each SC share not already owned converted into $41.50 in cash; aggregate consideration ~$2.5 billion funded from SHUSA cash.
SC now a wholly owned subsidiary of SHUSA; shareholders to be paid promptly.
J.P. Morgan and Wachtell advised SHUSA; Piper Sandler and Covington & Burling advised SC's special committee.

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