Irving Bank Corp., struggling to thwart a...
Irving Bank Corp., struggling to thwart a hostile takeover by Bank of New York Corp., postponed its annual meeting to put off a showdown that it seemed likely to lose. Irving said it was postponing the annual meeting, which was to have started Thursday, until June 13 to give shareholders time to weigh rival bids from Bank of New York and Milan-based Banca Commerciale Italiana, Irving’s new “white knight.†Irving said it believed that both bids might be sweetened and it directed its board to negotiate for better terms.
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