open on news that it might get bought out by Spain's Banco Santander (STD). Raytheon Co. gained $1.73, or 3.8 percent, to close at $47.38. based Sovereign Bancorp Inc., the largest remaining savings and loan. Sovereign Bancorp is all but won by Spain’s Banco Santander. Spain's Banco Santander (NYSE:STD) is said to be in advanced talks to purchase Sovereign Bancorp (NYSE:SOV) for $2.5 billion. Sovereign Bancorp. Spain's Banco Santander (STD) announced on Monday that it's in advanced talks to buy Sovereign Bancorp (SOV). based thrift Sovereign Bancorp Inc.
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