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Santander Brazil Units Surge 15.2% on Parent's €1.9 Billion Share-Swap Tender Offer

Banco Santander S.A.'s voluntary offer for the remaining 10% of its Brazilian subsidiary, offering a 15% premium, sparked a rally in SANB11.

By Diane Cole

Published
Santander Brazil Units Surge 15.2% on Parent's €1.9 Billion Share-Swap Tender Offer
Mateus Hidalgo / Wikimedia Commons (CC BY-SA 2.5 br)

Banco Santander S.A.'s voluntary offer for the remaining 10% of its Brazilian subsidiary, offering a 15% premium, sparked a rally in SANB11.

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