IHS Chemical Week

A. Schulman drops Ferro bid

11:43 AM MDT | July 3, 2013

A. Schulman has dropped its bid for Ferro, about 4 months after it had offered $563 million for the company. "We have given Ferro's board ample time to come back to us to initiate a discussion," A. Schulman CEO Joe Gingo said on a conference call with analysts on Tuesday. "At this time, this has not happened, so we have decided to look elsewhere for acquisition opportunities," Gingo said. A. Schulman approached Ferro’s board late last year and made a formal offer in March but both offers were...

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