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Bloomberg: Ferro gets further interest from P-E firms

Jul. 06, 2016 2:10 PM ETFerro Corporation (FOE) StockFOEBy: Carl Surran, SA News Editor
  • Ferro (FOE +3.7%) pops higher following a Bloomberg report that it is drawing final-round interest from P-E firms Apollo Global Management, CVC Capital Partners and Rhone Capital, with final bids due this month.
  • FOE said in May that it hired Lazard to explore strategic alternatives for the company, following an unsolicited approach from Apollo in March.
  • Shares jumped more than 8% at the initial report before settling back a bit.

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