Barclays Positive on M&T Bank's (MTB) Acquisition; Banking Consolidation a Secular Trend

Go back to Barclays Positive on M&T Bank's (MTB) Acquisition; Banking Consolidation a Secular Trend

Compass Point Maintains a 'Neutral' on M&T Bank (MTB); Raises Estimates on Accretive Deal

August 28, 2012 8:29 AM EDT

Compass Point maintains a 'Neutral' on M&T Bank (NYSE: MTB) price target of $95.00.

Analyst, MikeTurner, said, "Overall, the sale by Hudson City (Nasdaq: HCBK) should not be surprising to most as the low rate environment and high... More

Jefferies Maintains a 'Hold' on M&T Bank (MTB); Hudson City (HCBK) Deal Nicely Accretive

August 28, 2012 7:32 AM EDT

Jefferies maintains a 'Hold' on M&T Bank (NYSE: MTB) price target of $96.00 (from $93.00).

Analyst, Ken Usdin, said, "We like the Hudson City (Nasdaq: HCBK)(NotCovered) deal from a financial perspective, as it... More

M&T Bank (MTB) to Take Over Hudson City Bancorp (HCBK) in $3.7B All-Stock Deal

August 27, 2012 8:10 AM EDT

Hudson City Bancorp, Inc. (Nasdaq: HCBK) and M&T Bank Corporation (NYSE: MTB) ("M&T") announced today that they have entered into a definitive agreement under which Hudson City will merge into a subsidiary of M&T, expanding the premier community banking franchise in the eastern United States.

Under terms of the agreement, each Hudson City share will receive consideration valued at 0.08403 of an M&T share in the form of either M&T stock... More