Ferro in the market for new business

Ferro Corporation (NYSE: FOE) has announced that its Board of Directors is exploring possible strategic alternatives for the Company to enhance shareholder value.

The Company stated that no decision has been made to engage in a transaction or transactions resulting from the Board’s exploration of strategic alternatives, and there can be no assurance that any transaction will occur or, if undertaken, the terms or timing thereof. The Company has retained Lazard Frères & Co. as its financial advisor.