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LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Hudson City Bancorp, Inc. (aHudsona or the aCompanya) (NASDAQ:HCBK) related to the proposed acquisition of the Company by M&T Bank Corp (aM&Ta). The transaction is valued at approximately $3.7 billion, and under the terms of the deal each Hudson shareholder would receive 0.08403 shares of M&T in the form of either stock or cash. This values each Hudson share at roughly $7.22.

This investigation concerns whether the Board of Directors of Hudson breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $5.09 on November 23, 2011 to $7.54 on March 20, 2012. Further, at least one analyst has set a target price for the Companyas stock at $7.50.

If you are a shareholder of Hudson, if you have information or would like to [ learn more ] about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to [ shareholders@glancylaw.com ].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.