The Law Firm of Weiss & Lurie Announces Investigation of Arch Chemicals, Inc.
11 Luglio 2011 - 11:11PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Arch Chemicals, Inc.
(NYSE: ARJ) arising from its proposed acquisition by Lonza Group AG
in an all cash tender offer valued at approximately $1.4 billion.
Under the terms of the transaction, Arch shareholders will receive
$47.20 per share in cash for each Arch share tendered. Lonza plans
to begin the tender offer for Arch by July 15, and complete it this
year.
Weiss & Lurie is investigating whether the Company’s Board
acted in the best interests of shareholders in approving the
transaction and whether the Board properly sought to maximize
shareholder value. According to data compiled by Bloomberg,
acquirers of specialty chemical companies paid a median of 19.1
times earnings in the past two years while the transaction values
Arch at only 17.2 times forecast earnings per share for 2011.
If you own Arch shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Michael A. Rogovin either by
email at info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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