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Santander Holdings USA, Inc. Announces Proposal to Acquire Shares it Does not Own of Santander Consumer USA Holdings Inc. for $39.00 per Share

Santander Holdings USA, Inc. ("SHUSA") today announced that it submitted a proposal to Santander Consumer USA Holdings Inc. ("SC") yesterday to acquire all outstanding shares of common stock of SC not already owned by SHUSA for $39.00 per share in cash.