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Goal is to create global lead in microbial control.
July 11, 2011
By: TOM BRANNA
Editor
Lonza Group Ltd. and Arch Chemicals, Inc. signed an agreement pursuant to which Lonza has agreed to commence a tender offer for 100% of Arch Chemicals’ outstanding shares of common stock at a price of $47.20 per share in cash. Lonza’s offer represents a 36.7% premium to Arch Chemicals’ average closing price over the last 30 trading days. Based on the offer price for all the outstanding shares, Arch Chemicals’ enterprise value would be $1.4 billion (approximately CHF 1....
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