updated 11/2/2010 3:45:22 AM ET 2010-11-02T07:45:22

NEW YORK, Nov. 1, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of Wilmington Trust Corp. ("Wilmington Trust" or the "Company") (NYSE:WL) against the Company's board of directors in connection with the proposed acquisition of the Company by M&T Bank Corp. (NYSE:MTB). The proposed transaction is valued at approximately $351 million. Wilmington Trust investors are advised to contact Fei-Lu Qian at 888-476-6529 or flqian@pomlaw.com.

Under the terms of the definitive merger agreement, Wilmington Trust stockholders will receive 0.051372 shares of M&T common stock for each share of Wilmington Trust common stock held. The deal values Wilmington Trust at $3.84 per share, or 46% less than its closing price on October 29, 2010. The investigation is focused on the potential unfairness of the price to the Company's shareholders and the process by which the board of directors considered the transaction.

The Pomerantz Firm, with offices in New York, Chicago and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com .

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