MTB has offered .08403 shares of MTB stock for each share of HCBK stock. MTB is up today around $89.73 per share. Take .08403 times what MTB stock does and that will be close to what HCBK shares are trading at. (.08403 X 89.73=$7.54 for HCBK now) The only problem I see is that MTB at $89.73 is already close to a over 2 year high so I decided to sell my HCBK today.
What will the new shares be worth if the deal goes thru..... M&T shares are currently around $85.00 .....so if an HCBK shareholder chooses to take the stock.......where does that but our new shares at????