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Business
Ferro shores up finances
June 12, 2006
| A version of this story appeared in
Volume 84, Issue 24
Ferro Corp., which is recovering from the effects of an accounting problem in one of its businesses, has named new accountants and completed a new credit agreement. Ferro says it has engaged Deloitte & Touche as its new public accountant, replacing KPMG, which it dismissed in May. The Cleveland-based firm also says it has finalized a new $250 million line of credit and $450 million in term loans. Ferro recently said it is in talks to sell its specialty plastics unit.
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