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M&T To Buy Hudson City In Deal Valued At $3.7 Billion


M&T Bank Corp. (MTB), which counts Warren Buffett’s Berkshire Hathaway Inc. among its largest investors, agreed to buy Hudson City Bancorp to expand in New Jersey in a deal valued at about $3.7 billion.

Under terms of the agreement, each Hudson City shareholder will receive 0.08403 of an M&T share in the form of either M&T stock or cash.”

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