Minerals Technologies Lifts Bid To $1.5B For Amcol

Law360, New York (March 6, 2014, 12:24 PM EST) -- The bidding war between Minerals Technologies and Imerys SA for Amcol International Corp. continued on Thursday as Minerals Technologies upped its offer to buy to almost $1.5 billion not including debt, an offer the company said is superior to Imerys' latest bid.

The $45.75 per share offer — which is 50 cents per share more than Imerys' Wednesday bid — has already been unanimously approved by the Minerals Technologies board. In a Thursday press release on its revised offer, Minerals Technologies said that its newest proposal provides...
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