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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ferro Corp | NYSE:FOE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.01 | 0 | 00:00:00 |
From Nov 2021 to Nov 2024
By Isaac Taylor
Prince International Corp. and Ferro Corp. will divest three facilities used to make porcelain enamel frit and glass enamel as part of a requirement from the U.S. Federal Trade Commission.
The FTC action follows plans by American Securities Partners VII, L.P., Prince's parent company, to acquire competitor Ferro for $2.1 billion.
Porcelain enamel frit is a glass-based product that is essential for heat-, scratch- and corrosion-resistant coatings for appliances.
Ferro's shareholders voted to approve its acquisition in September 2021 and the European Union Commission approved the acquisition in January of this year.
Prince is a subsidiary of private-equity firm American Securities Partners.
Write to Isaac Taylor at isaac.taylor@wsj.com
(END) Dow Jones Newswires
April 21, 2022 10:08 ET (14:08 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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