Ferro News Release
May 09 2016 - 8:37AM
Business Wire
Ferro Corporation (NYSE: FOE, “Ferro” or the “Company”)
announced today that its Board of Directors is exploring possible
strategic alternatives for the Company to enhance shareholder
value. The Company stated that no decision has been made to engage
in a transaction or transactions resulting from the Board’s
exploration of strategic alternatives, and there can be no
assurance that any transaction will occur or, if undertaken, the
terms or timing thereof. The Company has retained Lazard Frères
& Co. as its financial advisor.
About Ferro Corporation
Ferro Corporation (http://www.ferro.com) is a leading global
functional coatings and color solutions company that supplies
technology-based performance materials, including glass-based
coatings, pigments and colors, and polishing materials. Ferro
products are sold into the building and construction, automotive,
appliances, electronics, household furnishings, and industrial
products markets. Headquartered in Mayfield Heights, Ohio, the
Company has approximately 4,860 employees globally and reported
2015 sales of $1.1 billion.
Cautionary Note on Forward-Looking Statements
Certain statements in this news release that are not historical
in nature are “forward-looking” statements within the meaning of
Federal securities laws. In particular, the statements related to
the exploration of strategic alternatives and the potential results
therefrom, including the possibility of a transaction or
transactions involving the Company, are forward-looking. The
Company cautions that actual results may differ materially from
those projected or implied in forward-looking statements due to a
variety of important factors, including the ability to execute a
definitive agreement involving the Company and the ability to
successfully consummate a transaction if a definitive agreement is
entered into. The Company does not undertake any obligation to
update any forward-looking statements as a result of new
information, future developments or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160509005834/en/
Ferro CorporationCompany Contacts:Investor Contact:John
Bingle, 216-875-5411Treasurer and Director of Investor
Relationsjohn.bingle@ferro.comorMedia Contact:Mary Abood,
216-875-5401Director, Corporate
Communicationsmary.abood@ferro.com
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