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Prince International Corporation to Acquire Ferro Corporation for $22.00 per Share in an All-Cash Transaction Valued at Approximately $2.1 Billion


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HOUSTON, May 11, 2021 /PRNewswire/  Prince International Corporation ( Prince ), a portfolio company of American Securities LLC, announced today that it is acquiring Ferro Corporation for $22.00 per share in cash, in a transaction valued at approximately $2.1 billion, including the assumption of debt, net of cash. The agreement has been unanimously approved by Ferro s Board of Directors.
In conjunction with the closing of the transaction, the company will combine with Chromaflo Technologies, a premier global provider of colorant technology solutions and also an American Securities portfolio company. The combination of Prince, Ferro and Chromaflo will result in a global diversified business with sales of approximately $2 billion. ....

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Ferro Corp (FOE) Q4 2020 Earnings Call Transcript


Operator
Good morning and thank you for joining the Ferro Corporation Fourth Quarter and Full Year 2020 Earnings Conference Call. An archived replay of the teleconference will be available through the investor information section at ferro.com later today and will be available for approximately seven days.
I would now like to turn the call over to Mr. Kevin Cornelius Grant, Director, Investor Relations and Corporate Communications.
Kevin Cornelius Grant
Director of Investor Relations and Corporate Communications
Thank you and good morning, everyone. Welcome to Ferro s fourth quarter and full year 2020 earnings conference call. This morning we ll be reviewing Ferro s financial results for the fourth quarter ended December 31, 2020. I am pleased to be joined today by Peter Thomas, our Chairman, President and CEO; and Ben Schlater, Group Vice President and Chief Financial Officer. The earnings release and conference call presentation deck are available in the In ....

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