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Chemical Week Magazine :: Business & Finance :: United States/Americas
Ferro, shareholder group reach agreement on board nominees
2:18 PM MDT | May 21, 2013 | —Vincent Valk
Ferro has reached an agreement with FrontFour Capital and Quinpario Partners, agreeing to support two out of three of the shareholder group’s board nominees. The deal comes after months of sparring between Ferro and the two investment groups, who have positioned themselves as dissident shareholders. Under the agreement, FrontFour’s David Lorber and former Solutia CEO Jeffry Quinn will stand for election at Ferro’s annual meeting on 22 May, replacing Ferro nominees Richard Brown and Gregory Hyland. Nadim Qureshi, another former Solutia executive...
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