Once Again, The Focus Is On FerroBy
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.
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