Once Again, The Focus Is On Ferro

How often can a stock turn up as a takeover play? Often, in the case of Ferro, the worldwide maker of specialty materials, such as coatings, ceramics, and plastics. The company was a buyout target in 1988 and again in 1989, when Jon Huntsman, chairman of Huntsman Chemical, began accumulating shares, which helped send the stock to a high of 41. Then, Huntsman suddenly bailed out, and other big stakeholders followed suit. The stock fell as low as 17.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.