Metals & Mining M&A » By The Online Investor Staff, updated Sat., Jul. 24, 3:49 PM
Recent mergers and acquisitions in the Metals & Mining M&A category.
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Slide #52. AMCOL International Corporation — Imerys
Acquirer:
AMCOL International Corporation (ACO)
Acquiree:
Imerys
Details:
AMCOL International Corporation (NYSE: ACO) ("AMCOL" or the "Company") today announced it has signed a definitive merger agreement with Imerys S.A. ("Imerys") pursuant to which AMCOL shareholders will receive USD $41 per share in cash for each share of AMCOL common stock that they own, without interest. The $41 per share consideration represents an approx. 19% premium to the volume weighted average closing price of the Company's common stock over the last 30 trading days through February 11, 2014. The transaction, which is valued at approximately USD $1.6 billion, including AMCOL's debt, represents approximately 10.3x 2013 EBITDA adjusted to reflect one-time events. The transaction was unanimously approved by the board of directors of both companies.
AMCOL International is focused on the development and application of minerals and technology products and services. Co. operates the following segments: performance materials, which mines, processes and distributes minerals and products for use in various markets, including metalcasting, pet care, laundry care, and drilling industries; construction technologies, which provides services relating to and processes and distributes clay-based and other products; energy services, which provides services and equipment rentals for onshore and offshore applications in the oil and natural gas industry; and transportation, which includes a long-haul trucking business and a freight brokerage business.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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