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Ferro Ends Sale Talks

TSC and IRIS Staff

Performance materials company Ferro(FOE Quote) said Friday that it discontinued discussions with Wind Point Partners, a private equity investment firm, regarding the sale of its specialty plastics business.

"We did not feel that we could reach an agreement that provided Ferro shareholders with the full value of this business," the Cleveland-based company said. "We will continue to operate the Specialty Plastics business, and expect it to remain a positive contributor to Ferro's operations."

Shares fell 34 cents to $17.88.