The Firm is representing J.P. Morgan Securities LLC as financial advisor to the Board of Directors of Hudson City Bancorp, Inc. in connection with M&T Bank Corporation’s acquisition of Hudson City Bancorp, Inc. Under the terms of the merger agreement, each shareholder will receive, at its election but subject to proration as specified in the merger agreement (which provides for an aggregate split of total consideration of 60% common stock and 40% cash), cash or shares of M&T Bank Corporation. The transaction is valued at approximately $3.7 billion.
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T Bank Corporation’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia, and its Wilmington Trust-affiliated companies and M&T Bank provide trust-related services. Hudson City Bancorp, Inc. maintains its corporate offices in Paramus, New Jersey. Hudson City Savings Bank, a well-established community financial institution serving its customers since 1868, is the largest thrift institution headquartered in New Jersey and currently operates a total of 135 branch offices in the New York metropolitan and surrounding areas.
The Simpson Thacher team includes Lee Meyerson, Ariel Oxman and John Wang (M&A).
