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Morgan Lewis Reps Susquehanna In $273M Bank Buy

Law360 (January 27, 2011, 4:48 PM EST) -- Mid-Atlantic bank Susquehanna Bancshares Inc. has agreed to buy smaller Abington Bancorp Inc. in an all-stock $273 million deal that offers Susquehanna an instant market presence in a wealthy Philadelphia-area county.

Susquehanna announced the merger on Thursday, under which it will acquire all outstanding shares of Abington common stock for equity in Susquehanna equal to about $13.04 per share, a premium of 13.8 percent over Abington's closing price on Tuesday.

The combined company will have about $15 billion in assets, including $10 billion in loans, and...
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