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Webster Financial shareholder Algebris Global buys 1.85 million shares
By Lisa Kerner
Charlotte, N.C., July 30 - Webster Financial Corp. investors led by Algebris Global Financials Master Fund bought 1,854,700 shares of the company's stock between June 25 and July 27 priced from $7.14 to $11.01, according to a schedule 13D filed with the Securities and Exchange Commission on Thursday.
Algebris beneficially owns 3,421,965 shares, or 5.3%, of the Waterbury, Conn.-based bank holding company.
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