Ferro Corporation (FOE) receives a buyout offer of $6.50/share in cash and stock from A....

|About: Ferro Corporation (FOE)|By:, SA News Editor

Ferro Corporation (FOE) receives a buyout offer of $6.50/share in cash and stock from A. Schulman (SHLM). The price represents a 25% premium to Friday's close. Schulman estimates the merger can achieve $35M in cost savings beyond Ferro's current targets. FOE +25% premarket. (PR)