Deals
Ferro Said to Have Received Takeover Approach From Apollo
- Chemicals maker said to have rebuffed initial Apollo proposal
- Apollo Global has announced three deals above $1b since Feb. 1
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Ferro Corp., a maker of chemicals for the manufacturing industry, recently received a takeover approach from Apollo Global Management LLC, according to people with knowledge of the matter.
Ferro rebuffed the initial approach, which was made within recent weeks, the people said, asking not to be identified as the matter isn’t public. It is unclear whether Ferro plans to engage in negotiations or if Apollo plans to return with a fresh proposal, they said.