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Regulatory clearance and a near-term closing timeline reduce deal risk and provide a clear upside path for Webster shares toward the announced deal price; typical bank acquisitions show an immediate equity uplift for the target on clearance and near-close dates, barring deal risk.
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Banco Santander has won Fed approval to acquire Webster Financial, with OCC and ECB clearances already in place and closing targeted for August 20, 2026. The deal would expand Santander's U.S. footprint, delivering a path to about 18% RoTE and 7–8% EPS accretion by 2028, as Webster becomes part of Santander Bank, N.A. post-close while customers remain unaffected until integration.
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