EVERGREEN REJECTS KEYCORP'S OFFER.(BUSINESS)

Albany Times Union (Albany, NY) | July 29, 1993 | Copyright

Byline: ALAN D. ABBEY - Business writer

After more than a month of deliberation, Evergreen Bancorp Inc. said Wednesday that it is rejecting KeyCorp's acquisition offer and will attempt to go forward on its own.

The decision effectively put an end to the six-week dance between the two companies. KeyCorp twice extended the deadline it had offered to Evergreen, saying each time it appeared that Evergreen was giving the offer serious review that might lead to a favorable outcome.

During that period, numerous Glens Falls area officials urged ...

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