M&T needs HCBK branches. They are trying to expand their commercial banking in HCBK's area. They would pay higher if pressed by another offer. With the millions of shares changing hands today, others think so too.
Our only hope is another bidder w/ a higher offer. I can’t believe HCBK can’t liquidate itself for $9 or $10/share; which would be around book value. Hopefully, another buyer shows up and we get a higher price. The lawsuits about HCBK being sold for too low of a price are totally bogus.