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langlui

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langlui

Re: griff100 post# 59545

Monday, 10/13/2008 7:17:44 PM

Monday, October 13, 2008 7:17:44 PM

Post# of 91977
The PR says "Banco Santander confirmed Monday it's buying the rest of Sovereign Bancorp, extending a wave of consolidation in the banking industry. The Spanish bank will pay $1.9 billion for the remaining 75.65 percent of Sovereign, a Philadelphia-based thrift, that it doesn't already own. The deal is worth about $3.81 per share in stock, a premium of 3.5 percent to the stock's closing price Monday."

So SOV is worth around $3.81.


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