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Roslyn, NY-The proposed acquisition of T R Financial Corp., Garden City, N.Y., by Roslyn Bancorp Inc. here is in peril after Roslyn rejected T R's calls to raise the stock exchange ratio. Under the terms of the original deal, each share of T R common stock would be exchanged for 2.05 shares of Roslyn common stock.
However, the agreement gave T R the right to walk away from the deal...