Webster Financial (US:WBS) Prnewswire·2026-02-03 23:16Core Viewpoint - Ademi LLP is investigating Webster for potential breaches of fiduciary duty and other legal violations related to its transaction with Banco Santander [1]. Group 1: Transaction Details - Webster stockholders will receive $48.75 in cash and 2.0548 Santander American Depository Shares for each Webster common share, equating to a per-share consideration of approximately $75.59 based on closing prices as of February 2, 2026 [2]. - Webster insiders are set to receive substantial benefits as part of the change of control arrangements [2]. Group 2: Investigation Focus - The transaction agreement imposes significant penalties on Webster if it accepts competing bids, which raises concerns about the board of directors' fulfillment of their fiduciary duties to all shareholders [3].