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Lonza Commences Tender Offer to Acquire Arch Chemicals

6:28 AM MDT | July 16, 2011 | Natasha Alperowicz

Lonza has announced that its wholly owned subsidiary LG Acquisition Corp., has commenced the previously announced offer to acquire all of the outstanding shares of common stock of Arch Chemical at a price of $47.20 per share, net to the seller in cash, without interest and less any required withholdingof taxes. Lonza and Arch Chemicals announced on July 11, 2011 the signing of a definitive merger agreement to be followed by the tender offer. The board of directors of Arch Chemicals has unanimously approved the terms of the merger agreement.   Lonza...

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