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More on the M&T/Hudson City deal: There isn't much action in other regional bank shares as...

More on the M&T/Hudson City deal: There isn't much action in other regional bank shares as M&T (MTB +4.8%) - by the market's verdict - picks itself up a steal, buying Hudson City (HCBK +16.2%) at about 80% of tangible book value. Hudson City finds itself in this vulnerable position by recent costly balance sheet restructurings and continuing barely-visible net interest margins.
Comments (3)
  • Tom Armistead
    , contributor
    Comments (5772) | Send Message
     
    Looks like regulators must have given them a nudge. Tranfer of value from HCBK shareholders to MTB shareholders, to judge by market reaction.

     

    That would be a reason to avoid trying to find value in smaller banks. Probably a better idea to figure out which of the Regional Banks the government favors and try to get in position there.
    27 Aug 2012, 10:15 AM Reply Like
  • Reaster
    , contributor
    Comments (86) | Send Message
     
    $7.22 per share for HCBK is not a steal its horse thieving and the shareholders are getting taken for a ride. Minimum on HCBK should be $8.00. One could even argue a bit higher. Based on MTB increase in Price today the market even thinks that HCBK is being stolen.
    27 Aug 2012, 03:41 PM Reply Like
  • han li
    , contributor
    Comments (5) | Send Message
     
    HWY ROBBERY!
    27 Aug 2012, 05:51 PM Reply Like
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