Coudree Capital Aware Of SEC Insider Trading Suit
18 Julho 2011 - 12:58PM
Dow Jones News
Geneva-based investment firm Coudree Capital Gestion SA Monday
said it was aware of a U.S. Securities and Exchange Commission
lawsuit against itself and two other Swiss investment firms in
connection to alleged insider trading ahead of Lonza Group AG's
(LONN.VX) $1.2 billion takeover of U.S. peer Arch Chemicals Inc.
(ARJ).
"We are aware of the lawsuit," a spokeswoman for Coudree said,
adding that the company is declining to make any further
comment.
The SEC earlier Monday filed a civil lawsuit in the federal
court in Manhattan, accusing investment firms Coudree, Compania
Internacional Financiera SA and Chartwell Asset Management Services
of improperly trading shares of Arch Chemicals ahead of Lonza's bid
last Monday. Lonza offered a surplus of more than 30% to Arch
Chemical's share price.
Neither Compania Internacional nor Chartwell could be
immediately reached for comment. Also, neither Lonza, which late
last week started the tender offer to acquire the U.S. peer's
outstanding shares, nor Arch Chemicals could be immediately reached
for comment.
-By Goran Mijuk, Dow Jones Newswires; +41 43 443 80 47;
goran.mijuk@dowjones.com
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