Minerals Technologies (MTI) this morning submitted a $45/share bid for Amcol (Hoffman Estates, IL), raising the possibility of an intensified bidding war between it and Imerys for the bentonite and minerals producer. Amcol and Imerys agreed to a revised $42.75/share on Thursday, after MTI upped its ante with a $42.50/share bid early last week. Imerys first agreed to acquire Amcol, for $41/share, earlier in February. "The merits of strategic fit, a substantial portfolio of future growth opportunities, and significant readily available synergies present a...
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