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Provider: Directors Deals Ltd.
Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Imerys SA decides not to increase its offer price for AMCOL acquisition

Friday, 7 Mar 2014 04:53pm EST 

Imerys SA:Decides not to increase its offer to acquire the outstanding AMCOL International Corp common stock at a price per share of $45.25.Says it was notified by AMCOL that its Board of Directors had determined that a competing offer at a price per share of $45.75 in cash constituted a superior proposal.If the AMCOL Board of Directors determines to terminate the Merger Agreement with Imerys in order to enter into superior proposal, relevant contractual termination clauses would apply, including payment of termination fee to Imerys.Alternatively, Imerys remains prepared to proceed with its offer on current terms of the Merger Agreement. 

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