WBS Agrees to $12.3B Buyout by SAN: What This Means for Investors

Key Takeaways WBS will be acquired in a $12.3B cash & stock deal by SAN, pending regulatory and shareholder approvals.Webster shareholders to receive $48.75 cash plus 2.0548 ADS, valuing shares at $75.59.SAN expects $800M in annual pre-tax cost synergies and EPS accretion of about 7-8% by 2028.Webster Financial Corporation (WBS) has agreed to be acquired by Spanish banking giant Banco Santander S.A. (SAN) in a cash-and-stock deal valued at about $12.3 billion. The transaction, expected to be closed by the s ...