in this issue
Chemical Week Magazine :: Business & Finance :: United States/Americas
Imerys raises Amcol bid to $42.50/share, exceeding MTI bid
7:49 AM MST | February 28, 2014 | —Vincent Valk
Imerys says it has raised its bid for bentonite maker Amcol (Hoffman Estates, IL) to $42.75/share from $41/share, exceeding Minerals Technologies’ (MTI) $42.50/share offer, which was announced on 24 February. MTI first launched a $42/share bid for Amcol on 14 February, triggering the bidding war. MTI is “assessing the situation and will respond in due course,” says a company spokesperson. The Imerys bid values Amcol at about $1.61 billion, including debt. Amcol’s board has unanimously approved Imerys’s revised offer. The two...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee