UPDATE: JPMorgan Downgrades Ferro Corp. (FOE) to Underweight

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/25/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. FIX
9. TSCO
10. BE

Go back to UPDATE: JPMorgan Downgrades Ferro Corp. (FOE) to Underweight

Ferro Corporation to Be Acquired by Prince International Corporation for $22.00 Per Share in $2.1 Billion All-cash Transaction; Reports First Quarter Results

May 11, 2021 7:45 AM EDT

CLEVELAND--(BUSINESS WIRE)-- Ferro Corporation (NYSE: FOE) (the Company), a leading global supplier of technology-based functional coatings and color solutions, today announced it has entered into a definitive agreement to be acquired by Prince International Corporation, a portfolio company of American Securities LLC, in an all-cash transaction valued at approximately $2.1 billion, or 12.4 times TTM Adjusted EBITDA as of March 31, 2021, including the assumption of debt, net of cash. Under the terms of the agreement, which has been unanimously approved by the Ferro Corporation Board of Directors, Prince will acquire all of the... More