Performance materials company
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.
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