UPDATE: AMCOL confirms it has received counter bid from Minerals Technologies
By Siobhan Lismore-Scott
Published: Friday, 14 February 2014
Fiduciary duties require AMCOL directors to engage with Minerals Technologies
AMCOL has confirmed in a SEC filing that it has received a
counter offer from Minerals Technologies (MTI), which is
$1/share higher than the Imerys offer to acquire the company.
AMCOL said that so far, despite the higher offer “the
company’s board of directors has not changed its
recommendation...