Ferro retaining banker, sale of company a possibility

摘要

Ferro says it has retained investment bank Lazard (New York) to advise its board on “exploring strategic alternatives for the com- pany.” A Reuters report on Friday said that Ferro is considering a sale of the company, and such “strategic alternatives” usually include a sale. The report said an auction is underway for Ferro, including bidding by companies and private equity frms.