Webster Financial Co.

Webster Financial’s stock rose to an all-time high of $76.13 and is up about 42.8% over the past year. With a P/E ratio of 12.45 and a PEG of 0.33 the stock appears attractively valued, although InvestingPro still rates it as overvalued versus its fair value. Webster has paid dividends for 40 years; the current yield is 2.1%. Shareholders approved a $12 billion takeover offer from Santander; UBS set the rating to "Neutral" and cut its price target from $75.00 to $69.00. » More on de.investing.com

Webster shareholders have agreed to Santander’s takeover offer worth about $12 billion. Santander is offering $48.75 in cash plus 2.0548 Santander shares (in the form of ADS) for each Webster share, valuing Webster at roughly $73.49 per share. The approval was confirmed at an extraordinary general meeting; the deal is expected to close in the second half of the year, subject to regulatory approvals. Santander aims to use Webster’s deposit base as a source of funding and to expand its U.S. lending business. » More on de.investing.com

Banco Santander announces a multibillion-dollar takeover of Webster Financial, valuing the US bank at about $12.2 billion. The offer, which includes cash and stock, amounts to roughly $75 per Webster share; the stock initially closed at $71.95. Santander aims to expand its presence in the US Northeast; the bank reports a 2025 profit of €14.1 billion (+12%) on constant revenues of €62.4 billion and is launching share buybacks of up to €10 billion. CEO Ana Botín is focusing on cost cuts, currency-adjusted growth and a targeted return on tangible equity of more than 20% by 2028. » More on finanzen.net