Bli medlem
Bli medlem

Du är här


Minerals Technologies Inc: Minerals Technologies Extends Tender Offer for Outstanding Shares of AMCOL International

NEW YORK, NY -April 18, 2014-Minerals Technologies Inc. (NYSE: MTX) announced
today that it has extended its tender offer to purchase all outstanding
shares of AMCOL International Corporation (NYSE: ACO) for $45.75 per share in
cash. All terms and conditions of the tender offer, other than the expiration
date, remain the same.

Unless extended further, the tender offer will now expire at 9:00 a.m., New
York City time, on May 2, 2014. The tender offer was previously scheduled to
expire at 9:00 a.m., New York City time, on April 18, 2014.
The tender offer was extended pending the expiration or early termination of
the waiting period under the competition laws of Poland. Authorization by the
Office of Competition and Consumer Protection in Poland is a condition to the
consummation of the tender offer. On April 9, 2014, the waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act expired. On April 11, 2014,
Minerals Technologies and AMCOL obtained clearance from the Federal Cartel
Office, the German national antitrust authority. Minerals Technologies does
not anticipate any regulatory concerns.
As of 12:00 a.m. midnight at the end of the day, New York City time, on April
17, 2014, approximately 23,673,893 shares had been tendered and not
withdrawn, representing approximately 72.6% of AMCOL's outstanding shares of
common stock. The completion of the tender offer is subject to the tender of
at least a majority of AMCOL's outstanding shares of common stock (on a fully
diluted basis) and other customary closing conditions, including receipt of
regulatory clearances.
As promptly as practicable following the completion of the tender offer, MTI will acquire all remaining AMCOL shares through a merger at the tender offer price.
On March 21, 2014, MTI filed with the U.S. Securities and Exchange Commission
("SEC") a tender offer statement on Schedule TO which sets forth in detail
the terms of the tender offer. Additionally, AMCOL has filed with the SEC a
solicitation/recommendation statement on Schedule 14D-9 that includes the
unanimous recommendation of AMCOL's board of directors that AMCOL
stockholders accept the tender offer and tender their AMCOL shares.
The information agent for the tender offer is Innisfree M&A Incorporated (the
"Information Agent"). AMCOL stockholders who need additional copies of the
Offer to Purchase, Letter of Transmittal or related materials or who have
questions regarding the tender offer should contact the Information Agent
toll-free at (888) 750-5834.
American Stock Transfer&Trust Company, LLC is acting as depositary for the
tender offer. Lazard Frères&Co. LLC is acting as dealer manager for the
tender offer, and Cravath, Swaine&Moore LLP is acting as legal counsel to
Minerals Technologies.
About Minerals Technologies

New York-based Minerals Technologies Inc. is a resource- and technology-based
growth company that develops, produces and markets worldwide a broad range of
specialty mineral, mineral-based and synthetic mineral products and related
systems and services. The company recorded sales of $1.02 billion in 2013.

AMCOL, headquartered in Hoffman Estates, IL., USA, produces and markets a wide
range of specialty minerals and materials used for industrial, environmental
and consumer-related applications. AMCOL is the parent of American Colloid
Co., CETCO (Colloid Environmental Technologies Company), CETCO Oilfield
Services Company and the transportation operations, Ameri-co Carriers, Inc.
and Ameri-co Logistics, Inc.

This press release is neither an offer to purchase nor a solicitation of an
offer to sell shares of AMCOL's common stock. MTI has filed with the SEC a
tender offer statement on Schedule TO regarding the tender offer described
herein, and AMCOL has filed with the SEC a solicitation/recommendation
statement on Schedule 14D-9 regarding such tender offer.AMCOL's stockholders
are strongly advised to read these tender offer materials
carefully and in their entirety, as they may be amended from time to time,
because they contain important information about such tender offer that
AMCOL's stockholders should consider prior to making any decisions with
respect to such tender offer.
Stockholders of AMCOL may obtain a free copy of these documents at the website
maintained by the SEC atwww.sec.govor by directing a request to the
Information Agent at (888) 750-5834.

This press release may contain forward-looking statements, which describe or
are based on current expectations; in particular, statements relating to the
company's tender offer for AMCOL. Actual results may differ materially from
these expectations. In addition, any statements that are not historical fact
(including statements containing the words "believes," "plans,"
"anticipates," "expects," "estimates," "will," and similar expressions)
should also be considered to be forward-looking statements. The company
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or otherwise.
Forward-looking statements in this document should be evaluated together with
the many uncertainties that affect our businesses, particularly those
mentioned in the risk factors and other cautionary statements in our 2013
Annual Report on Form 10-K and in our other reports filed with the Securities
and Exchange Commission.
Minerals Technologies Media

Brunswick Group

Steve Lipin/Lauren Odell

Minerals Technologies Media&Investor Relations

Rick B. Honey

Innisfree M&A Incorporated (Information Agent for the offer)



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Minerals Technologies Inc via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.