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Reuters: Banco Santander to buy rest of Sovereign Bancorp

Started by chris, October 14, 2008, 01:59:24 AM

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chris

Banco Santander to buy rest of Sovereign Bancorp
      


LOS ANGELES (Reuters) - Spain's Banco Santander SA, the largest euro zone bank,   said on Monday it will buy U.S.-based savings and loan Sovereign Bancorp Inc  in a stock-for-stock transaction worth $1.9 billion.
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