SAN 6-K: Acquisition
Banco Santander
Filed with the SEC on · accession 0000950103-26-017298
SAN filed a 6-K (foreign company report) with the SEC on Nov 12, 2026. Banco Santander announced a 5% increase in the exchange ratio for its voluntary exchange offer to acquire the remaining approximately 10% of Santander Brasil it does not already own. The stock moved -2.8% by the first close after the filing.
Summary of the filing
Banco Santander announced a 5% increase in the exchange ratio for its voluntary exchange offer to acquire the remaining approximately 10% of Santander Brasil it does not already own. The improved terms offer 0.4260 Santander shares per Santander Brasil unit, up from 0.4056, with total consideration of approximately €1.9 billion.
Key details
How SAN stock reacted
Close before
$12.48
Nov 11, 2026
First close after
-2.80%
$12.13
5 trading days
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Since filing
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Click hereFrequently asked questions
What did SAN file with the SEC on Nov 12, 2026?
SAN filed a 6-K (Acquisition). Banco Santander announced a 5% increase in the exchange ratio for its voluntary exchange offer to acquire the remaining approximately 10% of Santander Brasil it does not already own. The improved terms offer 0.4260 Santander shares per Santander Brasil unit, up from 0.4056, with total consideration of approximately €1.9 billion.
What does a acquisition mean for SAN stock?
A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.
How do I read a 6-K?
How foreign companies listed in the US report news and events — like an 8-K for them. Look at the exhibit names: "results", "resign", "notice" tell you the topic. Many 6-Ks are routine (meeting notices); results and leadership changes matter most.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 6-K (foreign company report): How foreign companies listed in the US report news and events — like an 8-K for them.
How did SAN stock react to this filing?
SAN closed at $12.48 before the filing and $12.13 on Nov 12, 2026 (-2.80%).
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