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Chemical Week Magazine :: Business & Finance :: United States/Americas

Schulman and Ferro trade barbs in shareholder letters

5:45 PM MDT | April 29, 2013 | —Vincent Valk

In the latest salvo in the A. Schulman–Ferro fight, the companies traded barbs in letters to Ferro shareholders. Ferro has called Schulman’s offer a “lowball,” and accused former Solutia CEO Jeffry Quinn—a nominee for Ferro’s board put forth by a group of dissenting shareholders—of “waging a proxy campaign to end-run your board’s decision not to hire him as CEO.” Schulman, meanwhile, says that it has contacted “shareholders representing about 50% of Ferro ownership” and a “large...

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