Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Webster Financial Corporation to Banco Santander, focusing on whether the transaction terms are equitable for Webster shareholders [1]. Group 1: Investigation Details - The investigation examines if Webster and its board violated federal securities laws or breached fiduciary duties by not securing the best possible consideration for shareholders [3]. - Concerns include whether Santander is underpaying for Webster and if all material information necessary for shareholders to assess the merger was disclosed [3]. Group 2: Legal Actions - Halper Sadeh LLC may seek increased consideration for Webster shareholders, additional disclosures, and other forms of relief related to the proposed transaction [4]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [4].
WBS Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Webster Financial Corporation is Fair to Shareholders