Banco Santander Acquires Webster Financial Corporation in a $12.3 Billion Deal
February 3, 2026
Banco Santander, S.A. agreed to acquire Webster Financial Corporation in a cash-and-stock transaction valued at approximately $12.3 billion. Webster shareholders will receive $48.75 in cash and 2.0548 Santander American Depository Shares per Webster share, and Webster will become a wholly owned subsidiary of Santander upon closing.
- Buyers
- Banco Santander, S.A.
- Targets
- Webster Financial Corporation
- Industry
- Financial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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