Santander to Acquire Webster Financial in $12.3 Billion Cash-and-Stock Deal
TL;DR Summary
Banco Santander agreed to acquire Webster Financial in a $12.3 billion cash-and-stock deal, paying Webster shareholders $48.75 in cash and 2.0548 Santander American Depositary Shares per Webster share; Webster would become a wholly owned unit of Santander Bank NA, with Webster CEO John Ciulla joining Santander leadership, and the deal is expected to close in the second half of the year.
Topics:top-news#banco-santander#banking#finance#mergers-and-acquisitions#webster-bank#webster-financial
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