Minerals Technologies raises bid for Amcol
(Reuters) - Minerals Technologies Inc (MTX.N) raised its offer to buy Amcol International Corp (ACO.N) to about $1.38 billion.
The offer of $42.50 per share represents a 7 percent discount to Amcol's Monday close.
U.S.-based Minerals Technologies and France's Imerys (IMTP.PA) are both bidding for Amcol, a company that owns large reserves of bentonite, a key mineral used in construction and energy industries.
Minerals Technologies had offered to buy Amcol for $42 per share on February 14, topping an offer of $41 per share from Imerys. Three days later Imerys said it remained committed to Amcol $41 per share.
(Reporting by Swetha Gopinath in Bangalore; Editing by Saumyadeb Chakrabarty)
NEW YORK - U.S. stocks tumbled on Thursday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China.
HELSINKI - Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, the company said on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.