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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Abington Bancorp, Inc., in Connection with

^{Published on 2011-01-27 16:40:40 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Abington Bancorp, Inc. (aAbington Bancorpa or the aCompanya) (NASDAQ:ABBC) related to the Companya™s agreement to be acquired by Susquehanna Bancshares, Inc. (aSusquehannaa). 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 AbingtonBancorp common stock. The proposed transaction has been approved by the Companya™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 AbingtonBancorpa™s board of directors.

If you are a shareholder of AbingtonBancorp, 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 ].