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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:23 EDTACO, MTXMinerals Technologies ups offer to acquire AMCOL to $45 per share in cash
Minerals Technologies (MTX) announced that it has made an increased cash offer of $45 per share to acquire all outstanding shares of AMCOL International (ACO) of Hoffman Estates, Illinois. The revised offer has been approved unanimously by the Minerals Technologies board and is superior to the recently announced $42.75 per share offer made by Paris-based Imerys for AMCOL. Minerals Technologies' superior all-cash $45 per share offer was conveyed to AMCOL's board of directors. JPMorgan has provided signed commitment papers with respect to financing the purchase price of the transaction. Minerals Technologies expects the transaction to be immediately accretive to earnings upon closing, excluding acquisition-related costs and charges, even before consideration of significant synergies. The transaction is expected to close in 1H14 and would be subject to customary closing conditions.
News For MTX;ACO From The Last 14 Days
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February 5, 2016
12:03 EDTMTXMinerals Technologies: 5% topline growth level in FY16 'reasonable'
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11:53 EDTMTXMinerals Technologies: FY16 to be 'strong' cash flow year
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11:53 EDTMTXMinerals Technologies sees Q1 EPS 95c-$1.00, consensus 99c
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February 4, 2016
17:08 EDTMTXMinerals Technologies reports Q4 adjusted EPS $1.00, consensus 95c
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February 1, 2016
17:33 EDTMTXMinerals Technologies CEO gets employment agreement extended one year
On February 1, Minerals Technologies and Joseph Muscari, the company's Chairman and CEO, entered into a Sixth Amendment to Muscari's Employment Agreement dated November 27, 2006. Pursuant to the Sixth Amendment, the term of Muscari's employment has been increased from nine years to ten years, with the term ending no earlier than March 1, 2017.

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