Hudson City Bancorp, Inc. Message Board
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Why did directors of HCBK agree to merge with this unbelievably low offer from M&T? Are there any frauds at HCBK?
They only value hbck at 1 time of its tangible book value while M&T share is trading at 2 times of its tangible book value. What is wrong?
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I like MTB but I don't like this deal for HCBK shareholders. The valuation of HCBK was locked in on the low side (unfair valuation at
Sentiment: Hold
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HCBK will be hurting for assets as if they weren't already. The merger is a tonic for Hudson. Now if the Washington bureaucrats will just get out of the way all will be well.
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All of you calling for this merger not to happen, and that the price is far too low, well congrats. Look what the stock price did following this announcement. The odd thing is there are issues with M&T not HCBK, but we take a 6% dive. If HCBK is worth so much more than they are offering, why are we diving? Some people are just never happy.
- 1 Reply to stockingup_1999
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M&T and HCBK really need each other. Todays announcement is to just give M&T some more time to get their act together to satisfy the regulatory folks. Hope the merger is sooner rather that later.
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The board of HCBK is what's wrong.
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