Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind

NEW YORK, April 21, 2022 /PRNewswire/ -- A10 Networks Inc. (NYSE:ATEN) will replace Ferro Corp. (NYSE:FOE) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, April 26. Prince International Corp., a portfolio company of American Securities LLC, has acquired Ferro in a transaction that closed today. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector April 26, 2022 S&P SmallCap 600 Addition A10 Networks ATEN Information Technology S&P SmallCap 600 Deletion Ferro Corp FOE Materials For more information about S&P Dow Jones Indices, please v

Ferro Corporation (NYSE:FOE) ("Ferro"), a leading global supplier of technology-based functional coatings and color solutions, today announced that the previously announced acquisition of Ferro by Prince International Corporation ("Prince") has been completed. Under the terms of the transaction, Ferro shareholders are entitled to receive $22.00 in cash, without interest and less any applicable withholding taxes, for each share of Ferro common stock that they own immediately prior to the completion of the merger. As a result of the completion of the acquisition, Ferro's common stock will cease trading on the NYSE. In conjunction with the transaction closing, Prince will combine with Chroma

Fourth Quarter Continuing Operations*: Net Sales increased 2.5% to $266.3M, or 4.4% on a constant currency basis Gross Profit decreased 9.9% to $71.3M, Gross Profit Margin of 26.8% Adjusted Gross Profit Margin of 26.9% GAAP diluted EPS of $0.30, Adjusted diluted EPS of $0.30 Net Income from continuing operations of $25.7M, Adjusted EBITDA of $39.8M Adjusted EBITDA Margin of 14.9% Full Year Continuing Operations *: Net Sales increased 17.4% to $1,126.3M, or 15.4% on a constant currency basis Gross Profit increased 17.3% to $344.6M, Gross Profit Margin of 30.6% Adjusted Gross Profit Margin of 31.1% GAAP diluted EPS of $0.86, Adjusted diluted EPS of $1.28 Net Income fro

Third Quarter Continuing Operations*: Net Sales increased 43.7% to $294.3M, or 37.3% on a constant currency basis Gross Profit increased 48.8% to $94.8M, Gross Profit Margin improved 110 bps to 32.2%, Adjusted Gross Profit Margin improved 40 bps to 32.8% GAAP diluted EPS of $0.20, Adjusted diluted EPS of $0.35 Income from continuing operations of $17.4M, Adjusted EBITDA increased 90.0% to $58.7M Adjusted EBITDA Margin improved 430 bps to 20.0% Year to Date Continuing Operations *: Net Sales increased 27.5% to $582.7M, or 22.4% on a constant currency basis Gross Profit increased 31.5% to $189.9M, Gross Profit Margin improved 100 bps to 32.6% Adjusted Gross Profit Marg

Ferro Corporation (NYSE:FOE), a leading global supplier of technology-based functional coatings and color solutions, today announced that its shareholders voted overwhelmingly to approve its acquisition by an affiliate of Prince International Corporation at a special meeting of Ferro shareholders held today. Under the terms of the proposed merger, Ferro shareholders will have the right to receive $22.00 in cash, without interest and less any applicable withholding taxes, for each share of Ferro common stock that they own immediately prior to the effective time. Upon the terms and subject to the satisfaction or waiver of the conditions set forth in the merger agreement and in accordance wit

Second Quarter Continuing Operations*: Net Sales increased 43.7% to $294.3M, or 37.3% on a constant currency basis Gross Profit increased 48.8% to $94.8M, Gross Profit Margin improved 110 bps to 32.2% Adjusted Gross Profit Margin improved 40 bps to 32.8% GAAP diluted EPS of $0.20, Adjusted diluted EPS of $0.35 Income from continuing operations of $17.4M, Adjusted EBITDA increased 90.1% to $58.7M Adjusted EBITDA Margin improved 490 bps to 20.0% Year to Date Continuing Operations *: Net Sales increased 27.5% to $582.7M, or 22.4% on a constant currency basis Gross Profit increased 31.5% to $189.9M, Gross Profit Margin improved 100 bps to 32.6% Adjusted Gross Profit Mar

Ferro Corporation (NYSE:FOE) (the Company), a leading global supplier of technology-based functional coatings and color solutions, today announced it has entered into a definitive agreement to be acquired by Prince International Corporation, a portfolio company of American Securities LLC, in an all-cash transaction valued at approximately $2.1 billion, or 12.4 times TTM Adjusted EBITDA as of March 31, 2021, including the assumption of debt, net of cash. Under the terms of the agreement, which has been unanimously approved by the Ferro Corporation Board of Directors, Prince will acquire all of the outstanding common stock of Ferro for $22.00 per share in cash. The purchase price represents a

NEW YORK, NY / ACCESSWIRE / May 11, 2021 / Ferro Corp. (NYSE:FOE) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 11, 2021 at 8:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/event/presentation/79204To receive updates for this company you can register by emailing [email protected] or by clicking get investment info from the company's profile.About Investor NetworkInvestor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on what's trending. Dedicated to both the professional and

Ferro Corporation (NYSE:FOE) today announced the following details for its first quarter 2021 conference call. Date and time: Tuesday, May 11, 2021, at 8:00 a.m. Eastern Time     Ferro participants: Peter Thomas, Chairman, President and Chief Executive Officer; Benjamin Schlater, Group Vice President and Chief Financial Officer; Kevin Cornelius Grant, Director, Investor Relations and Corporate Communications     Dial-in registration: United States or Canada: 800-582-4086 International: 212-231-2927 Please dial into the call 10 minutes prior to the start time.     Webcast: The call may be accessed by clicking on the Inve

Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind