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Reuters: Santander eyes Sovereign in hunt for bargains

Started by chris, October 14, 2008, 03:59:24 AM

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chris

Santander eyes Sovereign in hunt for bargains
      


MADRID/NEW YORK (Reuters) - Spain's Santander  bank said it will acquire the remaining stake of Sovereign Bancorp Inc  it does not own for $1.9 billion in stock, as the euro zone's largest bank hunted for bargains in a sector pummeled by the global financial crisis.
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