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Article: Webster Financial Announces Completion of $115 Million Equity Investment by Warburg Pincus.
- Article from:
- PR Newswire
- Article date:
- October 15, 2009
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WATERBURY, Conn., Oct. 15 /PRNewswire-FirstCall/ -- Webster Financial Corporation today announced that, following receipt of regulatory approvals, Warburg Pincus, the global private equity firm, has completed its previously announced $115 million investment in Webster. In accord with the previously announced agreement, the investment includes a direct purchase of newly issued common stock at $10 per share, non-voting perpetual participating preferred stock, and warrants.
Warburg Pincus invested $40.2 million on July 27, 2009 and today invested the remaining $74.8 million in Webster to purchase 3 million shares of common stock; 44,570 shares of non-voting ...