Susquehanna Bancshares will acquire Abington Bancorp, the holding company of Abington Bank. The financial holding firm will buy all outstanding shares of common stock of Abington in a stock-for-stock transaction for $273 million.

As part of the agreement, Abington shareholders will get 1.32 shares of Susquehanna common stock for $12.80 per share. The buyer was advised by JP Morgan, while Abington was advised by Keefe, Bruyette & Woods, adds Reuters. The deal is expected to complete in the third quarter of 2011.

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