Santander Holdings USA Completes Acquisition of Santander Consumer USA
January 31, 2022
Santander Holdings USA, Inc. (SHUSA) completed its acquisition of all outstanding shares of Santander Consumer USA Holdings Inc. (SC) through a tender offer and the merger of Max Merger Sub, Inc. into SC, with SC becoming a wholly owned subsidiary of SHUSA. The tender offer expired January 27, 2022 at an offer price of $41.50 per share, and all remaining SC shares were converted into the right to receive $41.50 in cash; SC’s common stock will be delisted following the merger.
- Buyers
- Santander Holdings USA, Inc., Max Merger Sub, Inc., Banco Santander, S.A.
- Targets
- Santander Consumer USA Holdings Inc.
- Sellers
- Public shareholders of Santander Consumer USA Holdings Inc.
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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