The Bank of New York, still trying...
The Bank of New York, still trying to complete a hostile takeover of Irving Bank Corp., said Sunday that it had extended its offer of $1.08 billion until April 27. The original offer expired April 22. Rival suitor Banca Commerciale Italiana has offered $75 a share for about 45% of Irving’s stock. Late Friday, the Bank of New York said that more than 7.68 million Irving shares had been validly tendered. The Bank of New York already owns 888,634 shares in Irving Bank.
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