The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Abington Bancorp, Inc. by Susquehanna Ba...
January 26 2011 - 8:45PM
Business Wire
Robbins Umeda LLP is investigating possible breaches of
fiduciary duty and other violations of state law by members of the
board of directors of Abington Bancorp, Inc. (NASDAQ: ABBC) in
connection with their efforts to sell the company to Susquehanna
Bancshares, Inc. (NASDAQ: SUSQ). The investigation seeks to
determine whether Abington's board of directors undertook a fair
process to obtain maximum value for its shareholders.
On January 26, 2011, Abington announced the definitive agreement
under which the company would be acquired by Susquehanna. If the
transaction is completed, Abington shareholders will receive 1.32
shares of Susquehanna common stock for each share of Abington
common stock they hold. The transaction is expected to close in the
third quarter of 2011.
If you are a shareholder of Abington and would like more
information about your rights, please contact attorney Gregory E.
Del Gaizo at 800-350-6003 or by e-mail at
info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights lawyers. Robbins
Umeda LLP has helped its clients realize more than $1 billion of
value for themselves and the companies in which they have invested.
For more information, please go to http://www.robbinsumeda.com.
Attorney Advertising. Past results do not guarantee a similar
outcome. We invite you to contact us today to discuss your
case.
Abington Bancorp, Inc. (MM) (NASDAQ:ABBC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abington Bancorp, Inc. (MM) (NASDAQ:ABBC)
Historical Stock Chart
From Jul 2023 to Jul 2024