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Ferro Corp (FOE.N)

FOE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ferro Corp completes acquisition of Nubiola
Tuesday, 7 Jul 2015 07:53am EDT 

Ferro Corp:Completes the acquisition of Nubiola Pigmentos on a cash-free and debt-free basis for 149 mln euros.Says the all-cash transaction was funded with excess cash and borrowings under the company's existing revolving credit facility.Acquisition expects to be accretive to Ferro's adjusted diluted earnings per share by $0.04 to $0.06 in 2015 and by more than $0.15 in 2016.  Full Article

Ferro Corp announces acquisition of equity in Nubiola
Thursday, 30 Apr 2015 07:50am EDT 

Ferro Corp:Will acquire 100 pct of equity of Nubiola for 146 mln Euro.  Full Article

Ferro Corporation raises FY 2015 EPS guidance
Wednesday, 29 Apr 2015 04:26pm EDT 

Ferro Corporation:Increases FY 2015 adjusted diluted earnings guidance to $0.89 to $0.96 per share.FY 2015 EPS of $0.89 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corporation enters into agreement to acquire Global Inorganic Pigments manufacturer Nubiola
Wednesday, 29 Apr 2015 04:05pm EDT 

Ferro Corporation:Signs a definitive agreement with the shareholders of Barcelona-based Nubiola Pigmentos to acquire 100 pct of the equity of Nubiola, on a cash-free and debt-free basis, for 146 mln euros.Based on 2014 EBITDA, excluding expected transaction synergies, the acquisition purchase price represents a transaction multiple of approximately 7X.Transaction will be funded with excess cash and a draw on the Company's existing revolving credit facility.Transaction is expected to close within the next 60 days, subject to customary closing conditions.  Full Article

Ferro Corporation acquires privately held TherMark Holdings Inc
Wednesday, 25 Feb 2015 05:05pm EST 

Ferro Corporation:Acquires privately held TherMark Holdings, Inc. (TherMark), a laser marking technology, for $5.5 mln in cash.TherMark is Ferro's largest partner in the marketing of laser marking materials and also licenses technology to Ferro.Ferro was advised by League Park Advisors and Calfee, Halter & Griswold, LLP.  Full Article

Ferro Corporation gives FY 2015 EPS guidance below analysts' estimates
Wednesday, 25 Feb 2015 04:57pm EST 

Ferro Corporation:Expects adjusted earnings for FY 2015 to be in the range of $0.85 to $0.90 per diluted share.FY 2015 EPS of $0.96 - Thomson Reuters I/B/E/S.  Full Article

Ferro Corporation announces sale of North America-based Polymer Additives business
Friday, 19 Dec 2014 01:45pm EST 

Ferro Corporation:Completes sale of majority of assets of its Polymer Additives business to Polymer Additives, Inc., a wholly owned portfolio company of H.I.G. Capital, LLC, for about $154 mln in cash.  Full Article

Ferro completes acquisition of italian tile coatings manufacturer Vetriceramici
Tuesday, 2 Dec 2014 07:30am EST 

Ferro Corp:Completes the acquisition of tile coating manufacturer Vetriceramici S.p.A. for 83 mln Euros (about $104 mln).Acquisition was previously announced on Sept. 21.All-cash transaction was funded with excess cash and borrowings under the Company's existing revolving credit facility.  Full Article

Ferro Corp sees FY 2014 EPS guidance at high end of prior range
Monday, 27 Oct 2014 04:41pm EDT 

Ferro Corp:Expects adjusted earnings from continuing operations for FY 2014 to be at high end of previously provided earnings guidance of $0.52 to $0.57 per diluted share.  Full Article

BRIEF-Ferro Corp names Benjamin Schlater as CFO

* Benjamin Schlater has been named vice president and chief financial officer