Santander Stock Slips After Proposed $12.2 Billion Webster Acquisition, Analysts Flag Execution Risks
Santander's announcement of a proposed $12.2 billion purchase of Webster Financial prompted a sharp drop in its shares as analysts praised the strategic logic but cautioned about near-term execution challenges. The bank projects significant cost savings and a marked improvement in U.S. profitability metrics, while management seeks to reassure inves…