IHS Chemical Week

Ferro sends shareholders letter; dissident investors respond

11:40 AM MDT | April 19, 2013

In an effort to win a proxy fight with investors FrontFour Capital and Quinpario Partners, Ferro has sent an additional letter to shareholders detailing what the company calls the investors’ "short-term agenda.” The letter reiterates many of the same points Ferro made in a separate letter released last week. It refers to A. Schulman’s $6.50/share offer for the company as a “lowball.” Ferro also accuses former Solutia CEO Jeffry Quinn, one of the nominees, of “waging a proxy campaign to end-run your board’s decision not to hire him as CEO.” Last...

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