SANTANDER MERGER INVESTIGATION SHAREHOLDER ALERT – Andrews & Springer LLC seeks more liquidity for shareholders of Santander Consumer USA Holdings, Inc. – SC

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WILMINGTON, Delaware, September 01, 2021 (GLOBE NEWSWIRE) – Andrews & Springer LLC, a securities class action law firm focused on nationwide shareholder representation, investigates possible breach of obligations trustees against the board of directors of Santander Consumer USA Holdings, Inc. (NYSE: SC) (“Santander Consumer” or the “Company”) regarding the sale of the Company to its majority shareholder Santander Holdings USA, Inc. (“Santander Holdings “). On August 24, 2021, the two parties announced the signing of a definitive merger agreement under which Santander Holdings will acquire Santander Consumer in a $ 12.7 billion merger. As a result, Santander Consumer shareholders are only expected to receive $ 41.50 per share in cash in exchange for each share.

Andrews & Springer’s investigation has so far revealed that the consideration Santander Consumer shareholders are expected to receive in the merger is insufficient. Although the Company claims shareholders will receive a 14% premium for their shares, the transaction consideration is significantly lower than the price target of $ 48.00 set by BMO Capital Markets analysts on July 28, 2021 The consideration for the transaction is also lower than the Company’s 52. High trading price on the week of $ 42.29. Given that Santander Consumer’s majority shareholder, Santander Holdings, stands on both sides of the transaction, the merger appears to have significant conflicts of interest, making the process and consideration unfair.

If you own shares of Santander Consumer and would like to receive additional information and protect your investments for free, please visit us at http://www.andrewsspringer.com/cases-investigations/santander-consumer-class-action- investigation / or contact Craig J. Springer, Esq. at [email protected], or call toll free at 1-800-423-6013. You can also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a securities class action law firm that represents shareholders nationwide who are victims of securities fraud, breach of fiduciary duty or corporate misconduct. Having once championed some of the world’s largest financial institutions, our founding members use their valuable knowledge, experience and superior skills with the sole purpose of delivering positive results for investors. These characteristics are the hallmarks of our innovative approach for each case that our firm decides to pursue. For more information, please visit our website at www.andrewsspringer.com. This notice may constitute a lawyer advertisement.

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