Million Dollars Bid Droped by Schulman Inc | Latest Acquisition news from american Industries

A Schulman drops bid for Ferro acquisition

9:23 AM, 3rd July 2013
Acquisition news on Schulman Inc

AKRON, US: A Schulman Inc has dropped its bid for Ferro Corp, about four months after it had offered $563 million for its smaller rival. According to A Schulman, the acquisition would help cut costs and widen its customer pool.

“We have given Ferro’s board ample time to come back to us to initiate a discussion. At this time, this has not happened, so we have decided to look elsewhere for acquisition opportunities,” said Joe Gingo, Chief Executive, A Schulman.

© Reuters News

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