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Imerys raises bid for Amcol

3:18 PM MST | February 26, 2014 | Vincent Valk

Imerys says it has raised its bid for bentonite maker Amcol (Hoffman Estates, IL) to $42.75/share from $41/share, beating Minerals Technologies’ (MTI) $42.50/share offer for the company, which was announced on Monday. MTI first launched a $42/share bid for Amcol on 14 February, triggering the possibility of a bidding war. Amcol’s board has unanimously approved Imerys’ revised offer. The two companies agreed to a $41/share earlier this month, which was disrupted when MTI announced its bid, which Amcol’s board said it would consider. Imerys...

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