secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001193125-26-041328
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Financial to be acquired by Banco Santander for 2.0548 SAN shares plus $48.75 cash per WBS share
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- Transaction structured as a reincorporation merger into a Virginia sub, then a share exchange by Santander.
- Each Webster common share will be exchanged for 2.0548 Santander ordinary shares (or ADSs) and $48.75 in cash.
- Deal unanimously approved by both boards; requires Webster and Santander shareholder votes and regulatory approvals (Fed, ECB).
- Webster would pay a $489M termination fee if it accepts an alternative proposal or changes board recommendation.
- Time-based and performance-based restricted stock awards will either vest or convert to Santander equity awards at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000119312526041328/0001193125-26-041328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000119312526041328/d103982d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-041328

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