Santander Holdings USA, Inc. Announces Extension of Tender Offer to Acquire Shares it Does not Own of Santander Consumer USA Holdings (SC) for $41.50 /Share

Santander Holdings USA, Inc. Announces Extension of Tender Offer to Acquire Shares it Does not Own of Santander Consumer USA Holdings Inc. for $41.50 per Share

BOSTON--(BUSINESS WIRE)-- Santander Holdings USA, Inc. (SHUSA) today announced that it has extended the expiration date of its previously announced tender offer (the Tender Offer) to acquire all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (SC) not already owned by SHUSA for $41.50 per share (the Offer Price).

Under the terms of the merger agreement entered into on August 23, 2021 by and among SHUSA, SC and Max Merger Sub, Inc., a wholly owned subsidiary of SHUSA (the Purchaser), the Tender Offer will be followed by a second-step merger (the Merger and together with the Tender Offer, the Transaction), in... More