Harwood Feffer LLP Announces Investigation of Arch Chemicals, Inc.
11 Luglio 2011 - 5:15PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Arch Chemicals, Inc. (NYSE: ARJ) concerning possible breaches of
fiduciary duty and other violations of law related to the Company's
efforts to sell ARJ to Lonza Ltd. (“Lonza”) in a transaction valued
at approximately $1.2 billion.
Under the terms of the definitive agreement, Lona will commence
a tender offer whereby Lona will purchase each ARJ share for $47.20
in cash. The tender offer price provides only a 12% premium to the
trading price of ARJ prior to the announcement of the proposed
tender offer. Our investigation concerns possible breaches of
fiduciary duty and other violations of law related to the approval
of the transaction by the Company's board of directors; in
particular, whether the Company undertook a fair process to obtain
fair consideration for all shareholders of ARJ prior to agreement
with Lona to proceed with the tender offer.
If you own shares of ARJ and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Matthew Houston toll free at (877) 935-7400 or to sign up online,
visit www.hfesq.com. You may also
email Mr. Houston at mhouston@hfesq.com. For more information about
class action cases in general, please visit our website:
www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. (C) 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
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