Merger with M&T Bank Corp.
Our attorneys advised Hudson City Bancorp on certain critical aspects of its merger with M&T Bank Corp. The team advised Hudson City on all of the executive compensation, benefits and employee matters, preparation of the representations, negative covenants and disclosure schedules to the merger agreement, securities laws disclosure matters and certain regulatory matters related to the proposed transaction. Our attorneys also advised Hudson City on various fiduciary and regulatory aspects of the amendments of the merger agreement to extend the date for completion of the transaction. The transaction was extended four times while regulatory approval was pending. The Hudson City/M&T transaction, valued in excess of US$5.2 billion, closed on November 1, 2015, more than three years after the merger agreement was signed.