Spain's Banco Santander buying rest of SovereignSpain's Banco Santander SA is taking its New World expansion northward. holding company, which had been damaged by problematic loans. Banco Santander (STD) is looking to pay $3.81 a share, sources said. DOW JONES NEWSWIRES Sovereign Bancorp Inc. Shares of Banco Santander (NYSE:STD) closed up 10.1% to $14.35 while shares of Sovereign closed down 4.2% to $3.64. Spain's Banco Santander (NYSE:STD) is said to be in advanced talks to purchase Sovereign Bancorp (NYSE:SOV) for $2.5 billion. M. The bond's price fell 6.6 centavos to 107.44 centavos per peso, according to Banco Santander SA.
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