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JLL Reiterates Rejection of Lonza Group AG's Non-Binding Acquisition Proposal for Patheon Inc.; JLL Views Lonza Proposal as Hostile Attempt to Harm Patheon Through Inappropriate Access to Patheon Confidential Information.

Publication: Mergers & Acquisitions Week
Publication Date: 09-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
JLL Partners, Inc. and its affiliate, JLL Patheon Holdings, LLC (collectively, "JLL"), today reiterated that they have rejected the non-binding proposal by Lonza Group AG (SIXX: LONN) to acquire all of the outstanding Restricted Voting Shares of Patheon Inc. (TSX: PTI) (the "Lonza Proposal"). By press release issued on August 21, 2009, and through separate letters and phone calls to Lonza's Supervisory Board of Directors and Chief Executive Officer and...

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