Wilmington Trust (NYSE - WL) was founded on July 8, 1903 as a banking, trust, and safe deposit company by DuPont president T. Coleman du Pont.
On November 1, 2010, Wilmington Trust announced a merger with M&T Bank, of Buffalo, NY. The deal values 107-year-old Wilmington Trust at $3.84 a share, or 46 percent less than its closing price Oct. 29. Investors will get 0.051 share of Buffalo-based M&T for each Wilmington share, the companies said today in a statement. http://www.bloomberg.com/news/2010-11-01/wilmington-trust-to-be-bought-by-m-t-for-351-million-below-market-value.html
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