Minerals Technologies' $1.7B Offer Wins Amcol Bidding War

Law360, New York (March 10, 2014, 1:12 PM EDT) -- Minerals Technologies Inc. has come out as the victor after a monthlong battle to buy Amcol International Corp., as Amcol on Monday accepted its offer of $1.7 billion including debt and terminated its previous merger agreement with Imerys SA.

Minerals Technologies' $45.75-per-share offer lodged last Thursday prompted Imerys to release a statement Friday saying the company had decided not to increase its most recent offer of $45.25 per share, and over the weekend, the boards of Amcol and Minerals Technologies unanimously approved the $1.7 billion offer....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.