Monday, 5 March 2012

EVERGREEN WON'T RESPOND TO OFFER.(BUSINESS)

GLENS FALLS -- Evergreen Bancorp Inc. is evaluating its strategic options and it is "not in a position" to respond to KeyCorp's acquisition offer, Evergreen director William E. Philion said Friday.

KeyCorp's offer to buy the 24-office bank in a stock swap expires Wednesday. Terms weren't disclosed for the offer, which was made last week.

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