Bank of New York Co. said its...
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Bank of New York Co. said its stockholders had voted support for the company’s $1.08-billion hostile takeover bid for Irving Bank Corp. The company said the exact vote result would be released on April 22, the day after Irving stockholders are scheduled to meet at their annual meeting. Bank of New York, which holds a 4.9% stake in Irving, is running a slate of 16 nominees for Irving’s board of directors. It also is pursuing a tender offer for Irving, under which it is offering $15 in cash and 1.575 of its common shares for each of Irving’s roughly 18.1 million common shares outstanding. Irving has repeatedly rejected the bid.
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