Santander Consumer agrees to go private in $12.7 bln deal

Industry:    2021-08-24

Santander Consumer USA Holdings Inc said on Tuesday it had agreed to be taken private by its majority shareholder Santander Holdings USA, Inc.

New York Stock Exchange-listed Santander Consumer said in a statement that Santander Holdings would buy its shares at $41.50 a piece in cash, representing an equity value of $12.7 billion.

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