Law Firm Brower Piven Announces Investigation of Arch Chemicals, Inc.

STEVENSON, Md.--(BUSINESS WIRE)--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Arch Chemicals, Inc. (“Arch”) (NYSE: ARJ) and other violations of state law by the Board of Directors of Arch relating to the proposed acquisition of the company by Lonza Group Ltd. (“Lonza”) (SIX: LONN). The firm’s investigation seeks to determine whether Arch’s Board breached their fiduciary duties by, among other things, failing to maximize shareholder value.

On July 11, 2011, Arch and Lonza jointly announced that they have entered into a definitive merger agreement for Arch to be acquired by Lonza, with a total transaction value of approximately $1.2 billion. According to the press release, Lonza will commence a tender offer by July 15, 2011 to purchase all of Arch’s outstanding shares for $47.20 per share. However, according to recent company press releases, Arch has performed well recently. On May 4, 2011, Arch reported second quarter results, announcing sales for the first quarter of 2011 of $325.5 million, compared to $298.7 million for the first quarter of 2010. Earnings per share from continuing operations for 2011 were $0.45 per share on $11.4 million of income.

If you own Arch common stock and would like to learn more about the investigation being conducted by Brower Piven, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.