Susquehanna Bancshares to Acquire Abington Bancorp for $273M

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Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) and Abington Bancorp, Inc. (NASDAQ: ABBC) announced the signing of a definitive agreement under which Susquehanna will acquire all outstanding shares of common stock of Abington in a stock-for-stock transaction. The transaction, with an approximate total value of $273 million, is expected to be completed in the third quarter of 2011. Under terms of the agreement, Abington shareholders will receive 1.32 shares of Susquehanna common stock for each share of Abington common stock.

27% profits every 20 days?

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