IHS Chemical Week

People & Business :: Companies

Schulman responds to Ferro shareholder letter

10:41 AM MDT | April 22, 2013 | Vincent Valk

In the latest salvo in the ongoing A. Schulman– Ferro fight, Schulman management today issued a statement refuting a letter Ferro sent to its shareholders last week. Schulman maintains that the company “has financial capability” to acquire Ferro and that it is willing to raise its offer “following due diligence.”   Schulman says that it has contacted “shareholders representing about 50% of Ferro ownership” and a “large majority” has said that Ferro should not have refused to negotiate with Schulman...

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