Webster Financial Corporation
WBS/Banco Santander, S.A.SANWebster Financial to be acquired by Banco Santander for $75.63/share
Key takeaways
- Banco Santander, S.A. acquires Webster Financial Corporation — 16% premium (mixed).
Deal value
—
mixed
Per-share offer
—
Premium
+16.0%
Days to close
—
Term fee
—
Announced
Apr 24, 2026
Preliminary Proxy
—
Definitive Proxy
—
Record date
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Shareholder vote
May 26, 2026
Expected close
—
No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.
No closing-condition data extracted.
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
Acquirer side· Banco Santander, S.A.
None on record
Target side· Webster Financial Corporation
Financial
| Firm | Role | Side | Deals in DB | |
|---|---|---|---|---|
| J.P. Morgan Securities LLC | Financial | Target | 5 | View deals → |
- Apr 24, 2026this filing
Webster Financial to be acquired by Banco Santander for $75.63/share
On February 3, 2026, Webster Financial Corporation agreed to be acquired by Banco Santander, S.A. in a two-step transaction consisting of a reincorporation merger into Webster Virginia Corporation followed by a share exchange. The exchange consideration is 2.0548 Santander ADSs plus $48.75 in cash per share of Webster common stock, representing a 16% premium to Webster's 10-day volume-weighted average stock price as of February 2, 2026. Following closing, Webster stockholders will own approximately 2.2% of Santander.