Minerals Technologies Ups Amcol Bid To $1.38B

Law360, New York (February 25, 2014, 5:09 PM EST) -- Minerals Technologies Inc. said on Tuesday that after completing due diligence on the company's operations, it has decided to up its offer to buy Amcol International Corp. to about $1.38 billion, saying its bid is superior to Imerys SA's previous proposal.

Minerals Technologies' Tuesday offer was for $42.50 per Amcol share, up from its $42 per share Valentines' Day proposal and above Imerys' Feb. 12 bid of $41 per share. The $1.38 billion price tag on Minerals Technologies' offer was calculated based on the number of...
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