April 2009: M&T Bank and Provident Merger
Stock: Provident Bank
Symbol: PBKS
Buyout Terms: M&T Bank (MTB) is paying 0.171625 shares of its stock ($46.95) for each PBKS share
Est. Closing Date: May 22nd
Today’s date: April 8th
Today’s price: $7.51
Projections:
$/% Gain: $0.55/7.32%
Time frame: 44 days
Annualized return: +60.7%
monthly arbs | AOTM | 
April 8, 2009 12:52 pm
Subscribe