Replies to post #59545 on Short Term Traders-Listed Stocks

[langlui]

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.