secwatch.observer — SEC 8-K summary
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Issuer:     Santander Holdings USA, Inc. (SNUS-PI)
CIK:        0000811830
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001193125-22-022416
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000119312522022416/0001193125-22-022416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000119312522022416/d276632d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-022416

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