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Investors Bancorp (ISBC) To Acquire American Bancorp (ABNJ) For $12.50/Sh

December 15, 2008 7:13 AM EST
ISBC Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

EPS Growth %: +23.5%
Investors Bancorp, Inc. (NASDAQ: ISBC) and American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) jointly announced the signing of a definitive agreement under which Investors Bancorp will acquire American Bancorp of New Jersey for $140 million in stock and cash, or $12.50 per share.

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