Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Abington Bancorp, Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Abington Bancorp, Inc. (“Abington” or the “Company”) (NasdaqGS: ABBC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Susquehanna Bancshares, Inc. (“Susquehanna”) (NasdaqGS: SUSQ) for an estimated $258 million. The proposed in-stock transaction offers Abington shareholders to only receive 1.32 shares of Susquehanna for each share of Abington, valuing the Company at approximately $12.80 a share. At least, one financial analyst has a target price of $13.00 per share for Abington.

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Whether the Abington’s Board of Directors breached their fiduciary duties to Abington’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Abington’s shares and by how much this proposed transaction undervalues the Company to the detriment of Abington shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Abington and wish to obtain additional information, please visit us at www.faruqilaw.com/ABBC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Abington Bancorp, Inc. (MM) (NASDAQ:ABBC)
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