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Stock Market & Financial Investment News

News Breaks
March 22, 2013
08:02 EDTSHLM, FOEA. Schulman engages Moelis & Co. to be financial advisor in Ferro offer
As announced on March 4, A. Schulman (SHLM) has made a proposal to the Ferro board to acquire all of the outstanding shares of Ferro common stock for per-share consideration of $6.50. The proposed offer price includes an immediate cash payment of $3.25 for each Ferro share outstanding and $3.25 worth of A. Schulman common stock. This offer was hastily dismissed by Ferro's board without further discussion or the opportunity for A. Schulman to conduct due diligence, even though A. Schulman expressed its willingness to adjust its offer if warranted by the due diligence process.
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