Ferro rejects A Schulman’s proposal acquire shares $6.50 per share

Ferro rejects A Schulman’s proposal to acquire shares for $6.50 per share

5:26 AM, 8th March 2013
Ferro rejects A Schulman’s proposal to acquire shares for $6.50 per share

CLEVELAND, US: Ferro Corporation confirmed that its Board of Directors had previously received and rejected an unsolicited proposal from A Schulman Inc to acquire all of the outstanding shares of Ferro common stock for $6.50 per share in cash and stock.

Ferro’s Board of Directors, in consultation with financial and legal advisors, unanimously determined that the A Schulman proposal is not in the best interests of Ferro shareholders and that continued execution of the company’s value creation strategy will deliver greater value to Ferro shareholders.

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