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Article: Sovereign Shareholders Approve Transaction With Banco Santander.
- Article from:
- Science Letter
- Article date:
- February 10, 2009
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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 (see also Sovereign Bancorp, Inc.).
Under the terms of the definitive transaction agreement, Sovereign ...