M&T Bank Pops on Bloomberg Report (MTB, STD, AIB)

Shares of M&T Bank Corporation MTB are popping higher late in the trading session, currently up by 5.04%, at $91.07. Shares are moving on a Bloomberg report that says Banco Santander STD is in talks to buy a stake in MTB from Allied Irish Banks AIB. Call and put volume are both running at 2-4x the daily average with 937 calls traded and 586 puts traded. AIB and STD are both higher on the session as well. M&T Bank Corporation is a bank holding company. As of December 31, 2009, M&T had two wholly owned bank subsidiaries: M&T Bank and M&T Bank, National Association. The banks offer a range of commercial banking, trust and investment services to their customers.