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Name | Symbol | Market | Type |
---|---|---|---|
Banco Santander SA | NYSE:SAN | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.01 | -0.21% | 4.79 | 242 | 13:17:00 |
Spain's Banco Santander (SAN.MC, SAN) is weighing options for its U.S. auto lender including purchase of its publicly traded shares as their value has dropped by about a quarter since an initial public offering in January, Bloomberg News reported Tuesday, citing people with knowledge of the matter.
Santander has been in discussions with several firms as it reviews options for its 60% stake in Dallas-based Santander Consumer USA Holdings, these people said.
Santander views the unit as undervalued and that it may perform better off the public markets, but no financial adviser has been appointed and no final decision made, the people said.
Full story at http://www.bloomberg.com/news/2014-12-09/santander-said-to-weigh-buyout-of-u-s-auto-unit.html
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