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Amcol and Imerys agree to amended $45.25/share merger

3:39 PM MST | March 4, 2014 | Vincent Valk

Amcol announced today that it has approved a revised bid from Imerys, valuing the company at $45.25/share. The announcement comes the day after Minerals Technologies (MTI) submitted a $45/share bid for Amcol, prolonging the bidding battle between the two companies. The new price amounts to an amendment on Amcol’s original merger agreement with Imerys, which was announced on 11 February and value the company at $41/share. "The AMCOL Board has been focused on achieving the best possible outcome for our shareholders throughout this process, and the...

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