Mar. 10, 2014, 9:59 AM
- Amcol International (ACO -2.1%) finally agrees to be acquired by Minerals Technologies (MTX +4.1%) for ~$1.7B after Imerys (IMYSF) failed to match MTX's sweetened bid of $45.75/share.
- MTX is the last man standing in the bidding warfor ACO, which lured six increased offers in just three weeks and has been the most active U.S. takeover target valued at $1B-plus so far this year.
Mar. 7, 2014, 5:37 PM
Mar. 3, 2014, 8:29 AM
- Not ready to throw in the towel, Minerals Technologies (MTX) increases its offer to acquire Amcol International (ACO) to $45/share in cash.
- Last week, ACO approved a $42.75/share merger agreement with Imerys (IMYSF), which had raised its bid in response to a $42.50/share proposal from MTX.
- ACO +2.4% premarket.
Feb. 24, 2014, 6:32 PM
- AMCOL International (ACO) -5.6% AH after Minerals Technologies (MTX) increases its bid for the minerals and materials producer to $42.50 - a 7% discount to ACO's closing price today - and says it has obtained committed debt financing.
- Earlier this month, MTX made a $42/share all-cash bid for ACO in an effort to top a standing deal with France's Imerys (IMYSF), which said last week it won't raise its offer of $41/share.
Feb. 14, 2014, 9:13 AM
Feb. 12, 2014, 9:10 AM
Jul. 22, 2011, 12:34 PMAmcol International (ACO -12.6%) is trading lower after Q2 results missed consensus, as gross margins deteriorated in each of the specialty mineral product maker's three major business segments. Fluctuations in foreign exchange rates boosted sales, but profits were hit by higher fuel and labor costs and reduced demand. | Comment!
AMCOL International Corporation is a producer of specialty materials and related products and services for the industrial and consumer markets. Its segments are performance materials, construction technologies, energy services and transportation.
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