Resumen de Imerys vies with Minerals Technologies to acquire AMCOL
"Imerys is convinced that the strategic co mbination of the two complementary companies will result in important development opportunities for their respective operations and employees and create value for the shareholders of Imerys," Imerys added.
Under the terms of Imerys' agreement, the French company will acquire all AMCOL shares for cash consideration of $41/share, representing a 19% premium to the volume weighted average closing price of AMCOL's stock over the last 30 trading days. This transaction values AMCOL at approximately $1.6bn, including AMCOL's net financial debt.
"AMCOL's core businesses will benefit significantly from Imerys' global presence and strong financial position. This transaction will combine two complementary companies dedicated to innovation and operational excellence creating exciting opportunities for AMCOL employees while enhancing offerings for customers," Ryan McKendrick, CEO of AMCOL, added.
