PHILADELPHIA, January 27, 2011: Yesterday, Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) and Abington Bancorp, Inc. (NASDAQ: ABBC) announced the companies would enter into a definitive merger agreement whereby Susquehanna will acquire all outstanding shares of Abington's common stock in a stock-for-stock transaction, totaling approximately $273 million. The transaction is expected to close in the third quarter of 2011.
Morgan Lewis advised Susquehanna on the transaction. The team, lead by Business and Finance partner Joanne Soslow, consisted of Business and Finance partners Benjamin Wills and Kathleen Collins, Employee Benefits partner Amy Kelly, Tax partner Paul Gordon, and associates Amanda Abrams, Samantha Fisher, and Patrick Rehfield.
For more information about the transaction, please see Susquehanna's press release.