POTENTIAL DEAL DETAILS
|Stock||Santander Consumer USA Holdings Inc.||Symbol||SC|
|Date Announced||07/02/2021||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Santander Holdings USA, Inc.|
|Date of Confirmation:||08/24/2021||Price at Confirmation:||$41.53|
|Potential Profit:||2.95%||Annualized Profit:||20.32%|
Santander Consumer USA Holdings Inc. (SC), announced that it has received a non-binding proposal from its majority shareholder, Santander Holdings USA, Inc.(SHUSA), to acquire all of the outstanding common shares of SC that are not currently owned by SHUSA. SHUSA has proposed a purchase price of $39.00 per share in cash, subject to the conditions set forth in the letter below to the SC Board of Directors.
August 24, 2021: Santander Consumer USA Holdings Inc. (SC) announced that SC and its majority shareholder Santander Holdings USA, Inc. have entered into a definitive agreement whereby SHUSA will acquire SC for $41.50 per share in cash, which represents a total equity value of $12.7 billion. The transaction is expected to close in the fourth quarter of 2021.
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.