Amcol accepts $1.6B offer from France's Imerys

|By:, SA News Editor

Minerals and materials firm Amcol International (ACO) has agreed to sell itself to France's Imerys (IMYSF) for $1.6B including debt.

The offer of $41 a share represents a premium of 12% to Amcol's close of $36.72 yesterday.

The acquisition will strengthen Imerys' sales in North America and help it offset the slower economy in Europe. (PR)