Amcol sets Imerys deadline to match Minerals offer

|By:, SA News Editor

Amcol International (ACO) has told Paris-based Imerys (IMYSF) that it has four working days to match Minerals Technologies' (MTX) increased rival offer of $1.48B, which Amcol's board has said is superior to that of Imerys.

Minerals' proposal is worth $45.75 a share, 50 cents above Imerys' latest bid on Tuesday, although Amcol didn't change its recommendation in favor of a deal with the French company.

One of the attractions of Amcol is that it has large reserves of bentonite, an important material for the construction and energy sectors. (PR)