Tuesday, July 19, 2011, 10:09 AM
The SEC has filed an insider trading lawsuit accusing three Swiss entities of making millions of dollars on suspected insider trading before and after Arch Chemicals (ARJ) agreed to be bought by Switzerland’s Lonza Group (LZAGY.PK) for $1.2B earlier this month.
Comment!
Monday, July 11, 2011, 4:19 AM
Lonza (LZAGF.PK) agrees to buy Arch Chemicals (ARJ) for $1.4B, or $47.20/share, a 37% premium to Arch's average closing price over the last 30 days. The deal, announced this morning, creates the world's largest microbial-control business, but regulators may be more concerned by the 11% spike in Arch's shares on Friday on unusually high volume.
Comment![M&A, Healthcare]
Friday, July 8, 2011, 2:32 PM
Arch Chemicals (ARJ), a maker of chemicals for water sanitation purposes, is up 9.1 % today, putting its shares within striking distance of their 52-week high. Though trading volume is already more than 4x Arch's 3-month average, no news has hit the wires explaining the move. Arch's shares also rose on unusually high volume on Wednesday.
Comment![On the Move]
Robert Weinstein Took ARJ loss today, looking at the price as we close it is good i covrd @open. 2nd buyout in > 3yrs of me shorting so not too upset
7/11/11
Reply
•!Report Abuse
View all 0 replies
Market Maven diepwjulius - i shorted ARJ, tiny position. you win some and you lose some- i'm holding it just for the lottery chance that it does go thru
7/11/11
Reply
•!Report Abuse
View all 0 replies
diepwjulius Just remembered to look at ARJ, remembered 2 of you shorted it here last wk.. hope it was a small pos.
7/11/11
Reply
•!Report Abuse
View all 0 replies
Market Maven ARJ spec short blew up in my face nicely. i'm just going to hold it and see what happens.
7/11/11
Reply
•!Report Abuse
View all 0 replies
Asif Suria Lonza to acquire Arch Chemicals to create the world's leading Microbial Control business $ARJ
7/11/11
Reply
•!Report Abuse
View all 0 replies
Robert Weinstein MM, Nice. ARJ Short @42.08 & bookd small $ intraday. I put buyout odds < 10% Likely Big buyer + short covrng is all. My $ target >$1 : o )
7/9/11
Reply
•!Report Abuse
View all 0 replies
Market Maven RW - I'm holding a speculative short on ARJ @ 42.14, as well. We'll see whats what on Monday. Must be takeout talks...
7/8/11
Reply
•!Report Abuse
View all 0 replies
LATEST REPLIES
15 people get ARJ articles and Market Currents by email alert.