Santander Pauses Share Buyback for Webster Deal

Santander Temporarily Halts Share Buybacks Amid Webster Acquisition Vote Santander, the Spanish banking giant, has temporarily suspended its share buyback program from April 24th to May 26th to align with Webster Financials shareholder vote on its $12.2 billion acquisition. The deal, announced in February, aims to strengthen Santanders presence in U.S. retail banking. Investors are closely watching the situation, as the outcome could significantly impact Santanders U.S. strategy. Buybacks are expected to resume on May 27th and continue through August 20th, pending a successful approval process. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4e1fd35ae980ee49