SAN - Santander Holdings extends offer for Santander Consumer USA shares by a week

Santander Holdings USA (SHUSA) extends its tender offer to buy all outstanding common shares of Santander Consumer USA Holdings that it doesn't already own to 5:00 PM, Nov. 9 from Nov. 2. The company didn't say how many Santander Consumer USA (NYSE:SC) shares have already been tendered. Santander Consumer USA (SC) shares closed at $41.72 on Tuesday, above the $41.50 that SHUSA is offering. SHUSA, a wholly owned unit of Banco Santander (NYSE:SAN) announced in August that it planned to acquire the 20% of SC's shares that it didn't already own, taking the unit private.

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Santander Holdings extends offer for Santander Consumer USA shares by a week