Minerals Technologies Says It Won't Bow Out Of Amcol Bidding

Law360, New York (February 27, 2014, 5:24 PM EST) -- Minerals Technologies Inc. said Thursday it is still pursuing a deal to buy Amcol International Corp., less than a day after Imerys SA's bid of $1.61 billion including debt appeared to be set in stone.

On Wednesday, Imerys upped its offer to buy Amcol to $1.61 billion, including debt — equivalent to $42.75 per share — which is 25 cents higher per share than Minerals Technologies' most recent bid. Although the CEOs of both Imerys and Amcol released statements Wednesday indicating that the deal was all...
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