Monday, February 17, 2014 at 9:08 am (Updated: February 17, 10:01 am)
By VINCE LUECKE
HOFFMAN ESTATES, Ill. – AMCOL International Corp. announced Wednesday it had signed a merger agreement with French-based Imerys. AMCOL’s subsidiary, American Colloid, operates a bentonite-clay blending plant north of Troy.
Under terms of the $1.6 billion agreement, AMCOL shareholders will receive $41 in cash per share, an amount that was a 19 percent premium to the weighed average of the company’s stock over the past 30 trading days.
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