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Ferro Confirms Prior Receipt and Rejection of Unsolicited Proposal from A. Schulman

CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE, the “Company”) today confirmed that its Board of Directors had previously received and rejected an unsolicited proposal from A. Schulman, Inc. (Nasdaq: SHLM) to acquire all of the outstanding shares of Ferro common stock for $6.50 per share in cash and stock.