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France Okays Lonza’s Acquisition of Arch

12:26 AM MDT | September 29, 2011 | Deepti Ramesh

Lonza says it has obtained antitrust clearance from the Autorité de la Concurrence in France for its tender offer, through its LG Acquisition Corp. subsidiary, for all outstanding shares of biocides maker Arch Chemicals (Norwalk, CT). Lonza launched the tender for all of Arch’s outstanding shares on July 15 for $47.20/share in cash. The expiration date for the tended offer was extended to September 30, 2011. The tender offer remains subject to antitrust clearance in the U.S., Lonza says. Lonza obtained antitrust clearance in Germany from the Federal...

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