PHILADELPHIA, PA / ACCESSWIRE / September 2, 2021 / Kaskela Law LLC announces that it is investigating Santander Consumer USA Holdings Inc. (NYSE:SC) ("Santander Consumer") on behalf of the company's shareholders.
On August 24, 2021, Santander Consumer announced that it would be taken private by its majority stockholder, Santander Holdings USA. According to the announcement, Santander Consumer stockholders are expected to receive $41.50 per share in cash for their SC shares. Following this transaction, shares of Santander Consumer's stock will no longer be publicly traded.
The investigation seeks to determine (i) whether $41.50 per share provides SC shareholders with adequate consideration for their shares; (ii) whether Santander Consumer's directors breached their fiduciary duties to SC shareholders in connection with the privatization transaction; and (iii) whether SC shareholders are receiving all material information in connection with the privatization transaction.
Santander Consumer stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at [email protected] or online at https://kaskelalaw.com/cases/santander-consumer/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
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SOURCE: Kaskela Law LLC