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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Imerys | EU:NK | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.40 | -1.39% | 28.30 | 28.20 | 28.70 | 28.74 | 28.16 | 28.54 | 65,884 | 16:40:00 |
From Dec 2019 to Dec 2024
AMCOL International Corp. said its board unanimously approved a sweetened takeover offer from Imerys worth $42.75 a share, topping a recent boosted offer from Minerals Technologies Inc.
The latest bid from Imerys for the U.S. bentonite producer represents an increase of $1.75 a share over the French company's previous offer.
A Minerals Technologies spokesman wasn't immediately available to comment.
On Monday, Minerals Technologies boosted its all-cash bid for AMCOL to $42.50 a share, up 50 cents from its previous offer, which was made in an attempt to top Imerys's standing deal for the company.
AMCOL, which posted sales of more than $1 billion in 2013, is the world's largest producer of bentonite, a mineral used in many industries, such as car manufacturing and heavy machinery.
Founded in 1927, AMCOL, based in Hoffman Estates, Ill., makes products that are used in a wide variety of items including face moisturizers and cat-box filler, and for oil-and-gas drilling.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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