The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Abin...
27 Janvier 2011 - 7:16PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Abington Bancorp, Inc. (“Abington” or the “Company”) (Nasdaq: ABBC)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Susquehanna
Bancshares, Inc. (“Susquehanna”) (Nasdaq: SUSQ). Under the terms of
the transaction, Abington shareholders will receive 1.32 shares of
Susquehanna common stock for each share of Abington common stock
they own. The transaction values Abington shares at $13.04 per
share for a total transaction value of approximately $273
million.
Click here to learn how to join the action:
http://www.zlk.com/abington-bancorp.html, or call:
877-363-5972.
The investigation concerns whether the Abington Board of
Directors breached their fiduciary duties to Abington stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Susquehanna is underpaying for Abington
shares, thus unlawfully harming Abington stockholders.
If you own common stock in Abington and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/abington-bancorp.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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