Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Abington Bancorp, Inc., in Connection wit...
27 Enero 2011 - 6:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Abington Bancorp, Inc. (“Abington Bancorp” or the “Company”)
(NASDAQ:ABBC) related to the Company’s agreement to be acquired by
Susquehanna Bancshares, Inc. (“Susquehanna”). The proposed
stock-for-stock transaction is valued at approximately $273
million.
Under the terms of the definitive agreement entered into by the
parties, Abington Bancorp shareholders will receive 1.32 shares of
Susquehanna common stock for each share they own of
Abington Bancorp common stock. The proposed transaction has
been approved by the Company’s board of directors. The transaction
is expected to be completed in the third quarter of 2011. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by Abington Bancorp’s board of directors.
If you are a shareholder of Abington Bancorp, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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