AMCOL Board Approves Imerys Merger - Quick Facts

(RTTNews) - The Board of Directors of AMCOL International Corporation (ACO) Tuesday approved an amended merger agreement with Imerys S.A., pursuant to which AMCOL shareholders will receive $45.25 per share in cash, an increase of $2.50 per share, for each share of AMCOL common stock that they own, without interest.

The transaction is valued at approximately $1.7 billion, including AMCOL's net debt. The offer represents an approximately 31.8 percent premium to the volume weighted average closing price of the company's common stock over the last 30 trading days through February 11.

Pursuant to the agreement, Imerys has agreed to increase its tender offer for 100 percent of AMCOL's outstanding shares to $45.25 per share in cash.

The transaction is is expected to close in the first half of 2014.

Additionally, AMCOL said it has received a revised proposed merger agreement from Minerals Technologies Inc. (MTX) to acquire AMCOL for an all-cash offer of $45.00 per share.