Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Proposed Sale of AMCOL International Corp. to Im...
04 Mars 2014 - 3:02PM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether members of the board of directors of AMCOL
International Corporation (NYSE: ACO) breached their fiduciary
duties in connection with the planned sale of the company to
Imerys. AMCOL International Corporation engages in the development
and application of minerals and technology products and services to
various industrial and consumer markets.
On February 26, 2014, AMCOL entered into an amended merger
agreement with Imerys pursuant to which AMCOL shareholders would
receive $42.75 per share in cash for each share of AMCOL common
stock that they own.
On March 3, 2014 AMCOL disclosed that they received a second
proposal from Minerals Technologies Inc. (NYSE: MTX) to acquire all
of the outstanding shares of the Company for $45.00 per share. In
the disclosure, it stated that AMCOL board of directors continued
to recommend the transaction with Imerys, in which shareholders
would receive $42.75 per share.
The investigation concerns whether the AMCOL board members
failed to satisfy their duties to the Company’s shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for the Company’s shares of common stock.
If you are an AMCOL shareholder and would like additional
information concerning your legal rights, please contact lead
analyst Jim Baker (jimb@johnsonandweaver.com) at 619-230-0063
Ext.118.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California and New York. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes. Frank J. Johnson is the attorney
responsible for the content of this press release.
Johnson & Weaver, LLPJim Baker, 619-230-0063 Ext.
118jimb@johnsonandweaver.com
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