Amcol accepts new $42.75 offer from Imerys, beats Minerals Tech bid

|By:, SA News Editor

Amcol (ACO) says it has approved a new merger agreement with Imerys (IMYSF) which increases the price for ACO to $42.75/share and beats the earlier $42.50 proposal from Minerals Technologies (MTX).

Imerys had said last week it wouldn't raise its initial $41/share bid for ACO.