IHS Chemical Week

People & Business :: M&A

Ferro sends additional letter to shareholders; dissident investors respond

4:08 PM MDT | April 18, 2013 | Vincent Valk

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...

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