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People & Business :: M&A
Lonza Extends Tender Offer to Acquire Arch Chemicals
12:45 AM MDT | September 30, 2011 | Deepti Ramesh
Lonza says its LG Acquisition Corp. subsidiary has further extended the expiration date for its previously announced tender offer for all outstanding shares of biocides maker Arch Chemicals (Norwalk, CT), to October 14, 2011. Lonza announced in July 2011 that it will acquire Arch in a deal valued at $1.4 billion. Lonza launched the tender for all of Arch’s outstanding shares on July 15 for $47.20/share in cash. The tender offer was first scheduled to expire on August 11, and it was extended to September 12, and to September 30. Lonza announced yesterday...
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