Bank of New York Co. said it...
Bank of New York Co. said it has extended by nearly a week its $1.08-billion hostile tender offer for rival Irving Bank Corp. The bid--of $15 in cash and 1.575 shares of Bank of New York stock for each of Irving’s roughly 18.1 million common shares outstanding--is now set to expire at 2 p.m. EDT April 21. That’s the day Irving’s shareholders are expected to vote on the proposal. The offer originally was scheduled to run out at midnight Friday. Bank of New York said that as of the close of business Tuesday, 35,258 Irving shares had been tendered.
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