{"id":121833,"date":"2021-04-19T15:33:23","date_gmt":"2021-04-19T15:33:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=121833"},"modified":"2021-04-19T15:33:23","modified_gmt":"2021-04-19T15:33:23","slug":"stock-alert-webster-financial-down-on-agreement-to-combine-with-sterling-bancorp","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-webster-financial-down-on-agreement-to-combine-with-sterling-bancorp\/","title":{"rendered":"Stock Alert: Webster Financial Down On Agreement To Combine With Sterling Bancorp"},"content":{"rendered":"<p> Shares of Webster Financial Corporation (WBS) are down more than 4% Monday morning at $54.53.<\/p>\n<p>Webster Financial and Sterling Bancorp (STL) today announced their decision to merge in an all-stock deal valued at  $10.3 billion.<\/p>\n<p>As per the agreement, Sterling will merge into Webster, and Sterling&#8217;s shareholders will get 0.463 of a Webster share for each Sterling stock they own. <\/p>\n<p>Upon closing, about 50.4% of the combined company will be owned by Webster shareholders and nearly 49.6% by Sterling shareholders.<\/p>\n<p>WBS has been trading in the range of $19.76- $63.81 in the last one year. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3186055\/stock-alert-webster-financial-down-on-agreement-to-combine-with-sterling-bancorp.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Webster Financial Corporation (WBS) are<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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