Santander Consumer USA Holdings (SC) Receives Proposal For Remaining Shares from Santander Holdings USA

  • July 5, 2021


StockSantander Consumer USA Holdings Inc.SymbolSC
Date Announced07/02/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Santander Holdings USA, Inc.
Date of Confirmation: 08/24/2021Price 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.

Merger Successful

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