Thu, Jul 31, 2014, 4:59 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Hudson City Bancorp, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • postacct2000 postacct2000 Jan 7, 2005 5:40 PM Flag

    My Take

    I'm not sure if this answers your question, but the tricky thing about exchange ratios is that they exist so that, regardless of the amount of stock sold in the second step (max, super max, et seq) the minority holders will, in the aggregate, own the same % of the bank as they did before the transaction. After all, the only thing being sold is the MHC's ownership interest in the bank. The minority holders are simply participating in an exchange transaction. This is why appraisal is key to your question. However, if the market is so bad that the bank cannot sell even the minimum number of shares in the appraisal range, even after flacking it in the community--and this is still a huge amount of shares in the case of HCBK--then sure the deal will be pulled and re-priced.

9.75-0.07(-0.71%)3:59 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.