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Ferro sells pharma business

8:32 AM MDT | April 1, 2013 | Robert Westervelt

Ferro has completed the sale of its pharmaceuticals business, Pfanstiehl Laboratories, to private equity firm Med Opportunity Partners (Greenwich, CT). Ferro will receive $16.9 million cash and an incentive payment of up to $8 million, payable over 2 years based on the business’ earnings performance....

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