Minerals Tech Trumps Imerys' $1.6B Bid For Amcol

Law360, New York (February 14, 2014, 2:16 PM EST) -- New York-based Minerals Technologies Inc. said Friday that it has topped French mineral company Imerys SA’s $1.6 billion offer for mineral and industrial material company Amcol International Corp., just days after it appeared all but certain the Imerys deal would go through.

The deal between Illinois-based Amcol and Imerys appeared essentially locked in Wednesday, with representatives from both Amcol and Imerys commenting on the transaction — but Minerals Technologies swooped in, sending a letter with its proposal to Amcol's board of directors with its proposed bid of $42...
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