Seeking Alpha

Imerys ups Amcol offer to $45.25/share, narrowly topping rival bid

  • Amcol (ACO) approves another sweetened takeover offer from Imerys (IMYSF) worth $45.25/share, edging yesterday's rival bid from Minerals Technology (MTX) and $2.50/share more than last month's approved offer from Imerys.
  • ACO says its board approved the offer and values the deal at $1.7B, including its debt; the company, the world's largest producer of bentonite, has said Imerys' bids are superior to the ones from MTX.
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