Banco Santander México, S.A. (BSMX) approached by Banco Santander, S.A. (SAN)

POTENTIAL DEAL DETAILS

Stock Banco Santander México, S.A. Symbol BSMX
Date Announced 03/26/2021 Source Press release
Type Unsolicited Bid Acquiring Company/Person Banco Santander, S.A.

Banco Santander, S.A. (SAN) announces that it intends to make a cash offer to acquire all of the shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX)  not already held by the Santander group, representing up to approximately 8.3% of Santander Mexico’s share capital.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

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