Ferro Corporation

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Ademi LLP is investigating Ferro (NYSE: FOE) for possible breaches of fiduciary duty and other violations of law in its transaction with Prince International.

Ademi LLP alleges Ferro’s financial outlook is excellent and yet Ferro shareholders will receive only $22.00 per share in cash. The merger agreement unreasonably limits competing bids for Ferro by prohibiting solicitation of further bids, and imposing a termination penalty if Ferro accepts a superior bid. Ferro insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Ferro’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Ferro.