The previously announced takeover has officially closed, rather than changing the deal economics. Banco Santander acquired all outstanding Webster shares on August 20, 2026, with each common share exchanging for 2.0548 Santander American Depositary Shares plus $48.75 in cash. (Item 2.01) Because the transaction was previously announced and the consideration was set in the existing agreement, the filing confirms completion but provides no new earnings, valuation, or strategic surprise.
For Webster common shareholders, the standalone investment has ended. Webster became a wholly owned Santander subsidiary, and the operating bank was folded into Santander Bank, National Association through the stated merger structure. 〔0〕 (Item 2.01) 〔1〕 (Item 2.01)
The most tangible post-close change is the loss of public-market status and Webster governance. WBS common and preferred securities were requested for NYSE withdrawal and delisting, while Webster’s reporting obligations are expected to be suspended through subsequent Form 15 filings. All Webster directors and executive officers also ceased serving in those roles, with four former Webster executives joining the boards of Santander Holdings USA and Santander Bank. 〔2〕 (Item 3.01) 〔3〕 (Item 5.02) Net: this is a completion notice for a transaction the market already knew was coming, so the correct scorecard is a factual acquisition close—not a fresh positive or negative earnings signal.
Read the original 8-K on SEC EDGAR ↗