Hudson River Bancorp in Hudson, N.Y., has put itself back in the race for Cohoes Bancorp.

In yet another twist in the months-long bidding war, Hudson River on Friday offered $158 million in cash, or $19.50 per share, for the Cohoes, N.Y., thrift company. In August, Cohoes shareholders narrowly rejected its offer of $11 offer in Hudson River stock.

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