Banco Santander Suspends Buyback Pending Shareholder Approval of Webster Deal
23 april, 11:39
05:39 AM EDT, 04/23/2026 (MT Newswires) -- Banco Santander (SAN) will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank, it said Thursday.
The suspension will run from Friday through May 26 inclusive, the date of Webster's shareholder meeting, the company said in a regulatory filing.
Following the program's resumption, its indicative duration is now expected to run through Aug. 20, Banco Santander said.
Banco Santander shares were down 2.3% in premarket activity, while Webster Financial fell 0.1%.
Banco Santander Suspends Buyback Pending Shareholder Approval of Webster Deal
23 april, 11:39
05:39 AM EDT, 04/23/2026 (MT Newswires) -- Banco Santander (SAN) will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank, it said Thursday.
The suspension will run from Friday through May 26 inclusive, the date of Webster's shareholder meeting, the company said in a regulatory filing.
Following the program's resumption, its indicative duration is now expected to run through Aug. 20, Banco Santander said.
Banco Santander shares were down 2.3% in premarket activity, while Webster Financial fell 0.1%.
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