Image: Michael Chu
WORTH IT? "There are a lot of good reasons why, even in the face of challenges and disappointments, we have decided to stick with" the Hudson City acquisition, M&T CEO Robert Wilmers says.
Deposits and assets have fallen, and some customers and employees have fled, while Hudson City in Paramus, N.J., has been stuck in an M&A limbo. But the situation might save buyer M&T Bank some headaches later — if it can just close the deal.
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