Banco Santander eyes $2.4B deal for Santander Consumer

Analysts: The acquisition is potentially undervalued

via Wikimedia Commons

Santander Holdings, the parent company of Santander Consumer USA and wholly-owned subsidiary of Madrid-based Banco Santander S.A, late last week submitted a proposal to acquire the remaining outstanding shares of the subprime lender in a deal valued at roughly $2.4 billion.   Santander Holdings (SHUSA), which currently owns 80.25% of Santander Consumer’s (SCUSA) outstanding shares, is looking to acquire […]

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