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The offer represents a 25 percent premium over the closing price of Ferro common stock on March 1, 2013
March 11, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
A. Schulman, Inc. announced that it has made a proposal to the Board of Directors of Ferro Corporation to acquire all of the outstanding shares of Ferro common stock for per-share consideration of $6.50, representing an estimated total enterprise value of approximately $855 million including total indebtedness. The offer represents a 25% premium over the closing price of Ferro common stock on March 1, 2013, and a 32∞premium over the volume-weighted average trading price over the preceding 60-day...
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