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Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:36 EDTACO, MTXMinerals Technologies raises bid to acquire AMCOL to $45.75 per share
Minerals Technologies (MTX) announced that it has made an increased binding cash offer of $45.75 per share to acquire all outstanding shares of AMCOL International (ACO) of Hoffman Estates, Illinois. The increased binding offer by Minerals Technologies is superior to the bid of $45.25 offered on March 4, by Paris-based Imerys S.A. MTI's increased offer again provides the greatest value available to AMCOL's shareholders. The revised offer has been approved unanimously by the Minerals Technologies board. MTI also confirmed that it had removed the financing contingency in the merger agreement conveyed to the AMCOL board on March 4. MTI expects the transaction to be immediately accretive to earnings upon closing, excluding acquisition-related costs and charges, even before consideration of synergies. The transaction is expected to close in the first half of 2014.
News For MTX;ACO From The Last 14 Days
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April 24, 2015
11:33 EDTMTXMinerals Technologies sees Q2 EPS $1.15-$1.20, consensus $1.15
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11:31 EDTMTXMinerals Technologies says Q2 is 'typically the strongest quarter'
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11:14 EDTMTXMinerals Technologies believes it is 'ready to move to another level'
Cites the company's confidence in its integration progress. Comments taken from Q1 earnings conference call.
11:06 EDTMTXMinerals Technologies sees Acquired Businesses Q2 synergies $16M
Sees Acquired Businesses Q3 synergies $17M. The company said it expects continued progress in the integration. IT also expects continued progress with PCC satellite construction in China in Q2 and expects strong performance in Performance Minerals for Q2. Expects Construction Technologies to move into a seasonally high period for Q2, but expects continued weakness in the on-shore markets for Energy Services in Q2. The company cites challenges in the market due to low oil prices and decline in utilization in steel industry. Comments taken from slides for Q1 earnings conference call.
April 23, 2015
17:08 EDTMTXMinerals Technologies reports Q1 adjusted EPS $1.07, consensus 99c
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