People & Business :: M&A
Minerals Technologies launches tender offer for Amcol shares
11:00 AM MDT | March 21, 2014 | Vincent Valk
Minerals Technologies (MTI) today launched a $45.75/share tender offer for all outstanding shares of Amcol, as part of the merger agreement between the two companies signed on 10 March. The offer will expire on 18 April, and MTI will purchase any Amcol shares remaining after that date for $45.75/share. Amcol has about 32.5 million shares outstanding, and is currently trading at about $45.78/share. Amcol and MTI entered into a $1.7-billion merger agreement after MTI outbid Imerys for the bentonite maker. The deal is being funded through debt financing, MTI...
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