M&T Bank (MTB) purchases Hudson City Bancorp (HCBK) for $3.7B in an all-stock deal. Each...

|By:, SA News Editor

M&T Bank (MTB) purchases Hudson City Bancorp (HCBK) for $3.7B in an all-stock deal. Each share of Hudson City will be worth 0.08403 shares of M&T. Based on Friday's M&T close, that means $7.22/share for HCBK, a 12.1% premium to its Friday close. (PR)