Sovereign Shareholders Approve Transaction With Banco Santander
2009年1月29日 - 2:14AM
PRニュース・ワイアー (英語)
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
(NYSE: SOV) announced that shareholders at a special meeting held
today voted to approve the transaction by which Banco Santander
will acquire all of the outstanding Sovereign common stock not
currently owned by Banco Santander. Ninety-six percent of
Sovereign's shareholders who voted were in favor of the
transaction. The results of the Sovereign shareholder vote were
certified by IVS Associates. The Sovereign shareholder approval
comes two days after Banco Santander shareholders approved a
capital increase to finance the acquisition. Under the terms of the
definitive transaction agreement, Sovereign shareholders will
receive 0.3206 Banco Santander American Depository Shares (ADSs),
or upon election Banco Santander ordinary shares (subject to Banco
Santander's right to invalidate any such election) for every 1
share of Sovereign common stock they own (or 1 Banco Santander ADS
for 3.42 Sovereign shares) The affirmative shareholder vote
satisfies one of the last conditions to the closing of the
transaction. Sovereign and Santander expect to close the
transaction on Friday, January 30. "Santander offers Sovereign an
opportunity to build a stronger bank for our shareholders,
employees, customers and communities," said P. Michael Ehlerman,
Non-Executive Chairman of the Board of Directors of Sovereign.
About Sovereign Sovereign Bancorp, Inc., ("Sovereign") (NYSE:SOV),
is the parent company of Sovereign Bank, a financial institution
with principal markets in the Northeastern United States. Sovereign
Bank has 750 community banking offices, over 2,300 ATMs and more
than 10,000 team members. Sovereign offers a broad array of
financial services and products including retail banking, business
and corporate banking, cash management, capital markets, wealth
management and insurance. For more information on Sovereign Bank,
visit http://www.sovereignbank.com/ or call 1-877-SOV-BANK.
Sovereign Bank is a registered trademark of Sovereign Bank or its
affiliates or subsidiaries in the United States and other
countries. DATASOURCE: Sovereign Bancorp, Inc. CONTACT: Andrew
Gully, +1-617-757-5513, , or Ellen Molle, +1-617-757-5573, , or Ed
Shultz, +1-610-207-8753, , all of Sovereign Bancorp, Inc. Web Site:
http://www.sovereignbank.com/
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