Imerys May Not Pay More Than $46 For Amcol, Natixis Says
2014-03-05 09:36:57.677 GMT
By Gaurav Panchal
March 5 (Bloomberg) -- Imerys seems determined to see
acquisition through, may not pay over the odds, Natixis says
after Imerys raised its offer for Amcol yesterday.
* May not pay over the odds as it wants to comply with its
value creation criteria (15% ROCE before tax within 3
years): Natixis
* Estimate max. bidding price at $46-shr, Imerys could adjust,
fine-tune synergies scenario to justify raising offer
further: Natixis
* March 4: Amcol says Imerys boosts offer to $45.25-shr {NSN
N1XLT76S9731 <go>}
* Amcol closed at $46.28
Link to Company News:{NK FP <Equity> CN <GO>}
Link to Company News:{ACO US <Equity> CN <GO>}
Link to Company News:{MTX US <Equity> CN <GO>}
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To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
To contact the editor responsible for this story:
Roger Neill at +44-20-7673-2867 or
rneill3@bloomberg.net
2014-03-05 09:36:57.677 GMT
By Gaurav Panchal
March 5 (Bloomberg) -- Imerys seems determined to see
acquisition through, may not pay over the odds, Natixis says
after Imerys raised its offer for Amcol yesterday.
* May not pay over the odds as it wants to comply with its
value creation criteria (15% ROCE before tax within 3
years): Natixis
* Estimate max. bidding price at $46-shr, Imerys could adjust,
fine-tune synergies scenario to justify raising offer
further: Natixis
* March 4: Amcol says Imerys boosts offer to $45.25-shr {NSN
N1XLT76S9731 <go>}
* Amcol closed at $46.28
Link to Company News:{NK FP <Equity> CN <GO>}
Link to Company News:{ACO US <Equity> CN <GO>}
Link to Company News:{MTX US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
To contact the editor responsible for this story:
Roger Neill at +44-20-7673-2867 or
rneill3@bloomberg.net