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

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)
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Comments (5)
  • realthing
    , contributor
    Comments (9) | Send Message
     
    They're stealing HCBK at that price now that housing is coming back.
    27 Aug 2012, 09:12 AM Reply Like
  • stevehaar
    , contributor
    Comment (1) | Send Message
     
    I agree. HCBK should have held out for $10.00+
    27 Aug 2012, 09:21 AM Reply Like
  • realthing
    , contributor
    Comments (9) | Send Message
     
    No wonder MTB is up 3% at the opening.The market knows they're stealing HCBK.
    27 Aug 2012, 09:36 AM Reply Like
  • realthing
    , contributor
    Comments (9) | Send Message
     
    Now we know why MTB all of a sudden paid off TARP a couple of weeks ago. They're getting a value franchise for peanuts.
    27 Aug 2012, 09:37 AM Reply Like
  • han li
    , contributor
    Comments (5) | Send Message
     
    CALL THE COPS! HCBK IS BEING STOLEN FOR LESS THAN $10.
    27 Aug 2012, 03:02 PM Reply Like
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