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Santander Consumer USA agrees to Banco Santander $2.5B acquisition deal

The agreement comes two months after Santander Holdings’ initial proposal

Amanda Harris

Santander Consumer USA has agreed to Santander Holdings’ proposal to acquire all outstanding shares the parent company did not already own in a $2.5 billion deal. Santander Holdings (SHUSA), which currently owns 80.25% of Santander Consumer USA’s (SCUSA) outstanding shares, submitted in July a proposal to acquire the remaining shares. In response, the SCUSA Board […]

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