Webster Closes NewMil Deal

The price is $172.5 million.
Publish date:

Webster Financial

(WBS) - Get Report

completed the acquisition of NewMil Bancorp for $172.5 million.

Under terms of the deal, the acquisition, which was announced on April 25, is made through a tax-deferred, stock-for-stock exchange of all the outstanding shares of NewMil Bancorp's common stock. NewMil Bancorp shareholders will receive $41 in Webster common stock for each share of NewMil Bancorp common stock.

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