Skadden Advises Wilmington Trust In $351M M&T Deal

Law360, New York (November 1, 2010, 4:30 PM EDT) -- M&T Bank Corp. on Monday announced an approximately $351 million, all-stock acquisition of Wilmington Trust Corp., bulking up its presence in the eastern half of the United States and strengthening its offerings to corporate clients.

The deal, which hands Wilmington Trust stock owners 0.051372 shares of M&T stock, is expected to close by mid-2011.

"This strategic partnership brings together two institutions that share many common values, and that operate several distinct but complementary lines of business," said M&T Chairman and CEO Robert G. Wilmers. "By leveraging...
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