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Sovereign Bancorp, Inc.
Ticker Symbol: SOV* CUSIP: 845905108 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/30/2009
Company's Online Profile
BUSINESS: Sovereign Bancorp, Inc. is the parent company of Sovereign Bank, a $80+ billion financial institution with nearly 800 community banking offices, over 2,000 ATMs and approximately 12,000 team members with principal markets in the Northeast United States. 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. Sovereign is the 18th largest banking institution in the United States.
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Notes: January 28, 2009 -- 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.
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Previous Ticker Symbol: SVRN Changed: 7/10/2001
Large Cap Stock -
Market Value $7.9 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1500 Market Street, Philadelphia, PA 19102 |
| Main Phone Number |
215-557-4630 |
| Fax Number |
610-320-8448 |
| Investor Relations
Stacey Weikel
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610-208-8681
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| Toll Free Phone Number |
877-768-2265 |
| CEO - Jay S. Sidhu |
CFO - Mark R. McCollom |
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