MergerMay 27, 2026, 04:13 PM
Webster Financial Stockholders Approve Banco Santander Merger
AI Summary
Webster Financial Corporation's stockholders held a Special Meeting on May 26, 2026, and approved the proposed acquisition by Banco Santander, S.A. in a cash and stock transaction. The Transaction Proposal received overwhelming support, with 115,788,667 votes in favor. Additionally, stockholders approved, on an advisory basis, the compensation payments to named executive officers in connection with the transaction, and the Adjournment Proposal.
Key Highlights
- Special Meeting held on May 26, 2026, to vote on the acquisition by Banco Santander, S.A.
- 162,048,996 shares of common stock were outstanding and entitled to vote.
- 72.3% of shares (117,259,956) were present, constituting a quorum.
- Stockholders approved the Transaction Proposal with 115,788,667 votes For.
- Advisory Compensation Proposal approved with 68,045,455 votes For.
- Adjournment Proposal also approved with 114,010,089 votes For.
- All matters voted upon at the Special Meeting were approved by the requisite vote.
Price Impact
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