Ferro Fires Back At Activist Investors In Proxy Battle

Law360, New York (April 29, 2013, 6:02 PM EDT) -- Ferro Corp. blasted a group of activist fund investors in a Monday letter to shareholders seeking support for its board nominees, the latest salvo in a proxy fight over the future of the chemical company after it rejected A. Shulman Inc.'s $855 million hostile takeover bid.

Ferro took aim at a Friday shareholder presentation by the FrontFour group, which is led by FrontFour Capital LLC and Quinpario Partners and has the support Ferro's largest single investor Gamco Asset Management Inc. The company said that the group's...
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