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Update: Market Chatter: Webster Financial Shareholders Accept $12 Billion Takeover Proposal From Banco Santander

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(Updates with Banco Santander's response in the third paragraph.)

Webster Financial (WBS) shareholders have accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported Tuesday, citing the company's extraordinary shareholder meeting.

Webster Financial will publish detailed results from the shareholder meeting soon, according to the report.

A Santander spokesperson toldthat the company welcomes Webster shareholders' approval and expects to close the transaction in H2.

Webster Financial did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $72.45, Change: $+0.65, Percent Change: +0.91%

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