Minerals Technologies makes offer for AMCOL, tops Imerys bid by $1/share

|About: Minerals Technologies Inc. (MTX)|By:, SA News Editor

Minerals Technologies (MTX) makes a $42/share cash offer for AMCOL International (ACO), WSJ reports, in an attempt to top a standing deal from Imerys (IMYSF), which said yesterday it had agreed to buy AMCOL for $41/share.

Under business law in Delaware, where AMCOL is incorporated, public company boards that agree to a cash deal are typically required to take the highest offer, according to the report.

ACO +4% AH.