More industry consolidation. Investors Bancorp (ISBC) will buy American Bancorp of New Jersey...

|About: Investors Bancorp, Inc. (ISBC)|By:, SA News Editor

More industry consolidation. Investors Bancorp (ISBC) will buy American Bancorp of New Jersey (ABNJ) for $140M in cash and stock, valuing American Bancorp at a 43% premium to its Friday close. Premarket: ABNJ +31%.