Schulman makes hostile bid to acquire Ferro for $855 million

A. Schulman last week announced a hostile bid to acquire struggling Ferro for $6.50/share. The offer price represents a 25% premium to Ferro’s closing price on 1 March—the last trading day before Schulman’s announcement—and a 32% premium over the average trading price over the preceding 60-day period. Schulman made the offer public less than three weeks after Ferro’s board privately rejected Schulman’s approach. Ferro maintains that its own restructuring efforts will create more value for company shareholders. The offer includes cash payment of $3.25...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers