Spanish banking giant Santander said Wednesday that its $12.3 billion cash-and-share acquisition of Webster Financial Corp. has gained all the necessary regulatory approvals, paving the way for the transaction to close later in August.
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THURSDAY, AUGUST 6, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Santander Clears Final Hurdles For $12B Webster Deal

By Najiyya Budaly

Spanish banking giant Santander said Wednesday that its $12.3 billion cash-and-share acquisition of Webster Financial Corp. has gained all the necessary regulatory approvals, paving the way for the transaction to close later in August.

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Cleary Sues Atalian Client It Advised On Proposed CD&R Sale

By Ashish Sareen

Cleary has sued a holding company in the Atalian Global Services group after representing it in the proposed 2022 sale of the facilities management giant to private equity firm Clayton Dubilier & Rice LLC.

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Debevoise Guides EQT On €1B European Satellite Biz Funding

By Dawood Fakhir

Investment giant EQT said Wednesday that it co-led a €1 billion ($1.15 billion) funding round for Finnish aerospace startup Iceye through its newly launched Scaleup Europe Fund, a day after the European Commission said the vehicle would begin making investments.

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POLICY & REGULATION

FCA Eases London IPO Rules To Cut Costs For Issuers

By Alex Davidson

The Financial Conduct Authority finalized rule changes on Wednesday that will make it easier and cheaper for companies to issue their shares on the London Stock Exchange.

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DEALS

German PE Firm Completes $450M Buy Of Polymers Biz

By Dawood Fakhir

Mutares has said it completed the $450 million "landmark" acquisition of the European and American thermoplastics business of Sabic, a Saudi Arabian chemicals company, marking the launch of a chemicals and material segment at the German private equity firm.

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Allianz To Buy Singapore Asset Manager For €376M

By Najiyya Budaly

Allianz Global Investors said Wednesday that it will buy Singapore's UOB Asset Management for €376 million ($434 million) to strengthen its presence in the Asia-Pacific region.

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CAPITAL MARKETS

Brief

HSBC To Resume Share Buybacks Amid Profit Hike

By Irene Madongo

HSBC has said it will roll out a stock repurchase program of up to $1 billion, marking the banking giant's resumption of share buybacks alongside a jump in its pre-tax profit.

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Brief

Freshfields Advises MedTech Biz On $200M Share Buyback

By Irene Madongo

Convatec Group PLC began a stock repurchase scheme of up to $200 million on Wednesday, a move expected to cut down the medical technology firm's share capital.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Cleary Gottlieb

Davis Polk

Debevoise & Plimpton

Freshfields

Michelman & Robinson

Wachtell Lipton

White & Case

Willkie Farr

COMPANIES IN TODAY'S NEWS

Allianz Global Investors GmbH

Allianz SE

Banco Santander SA

Bank of America Corp.

Centerview Partners Holdings LP

Clayton Dubilier & Rice LLC

EQT AB

EQT Corp.

HSBC Holdings PLC

Hang Seng Bank Ltd.

Hong Kong Exchanges and Clearing

JPMorgan Chase & Co.

London Stock Exchange Group PLC

Magna International Inc.

Mercedes-Benz USA LLC

Morgan Stanley

Mutares SE & Co. KGaA

Nokia Corp.

Piper Sandler Cos.

Porsche

Qatar Investment Authority

Saudi Arabian Oil Co.

The Goldman Sachs Group Inc.

United Overseas Bank

Webster Financial Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Central Bank

European Commission

Federal Reserve System

Financial Conduct Authority

Office of the Comptroller of the Currency