Ferro investor Gamco wants shareholders to vote on any poison pill

By Lisa Kerner

Charlotte, N.C., Nov. 2 - Gamco Asset Management Inc. said it will propose that institutional investors be permitted to own Ferro Corp. shares without limitation and that Ferro should not adopt any poison pill without shareholder approval.

Ferro was notified of Gamco's intent in a Friday letter included in a schedule 13D/A filed with the Securities and Exchange Commission on Monday.

Gamco beneficially owns 8,019,369, or 17.85%, of the Cleveland-based company's outstanding shares.

Ferro is a supplier of specialty materials and chemicals for makers of electronics, solar energy, telecom, pharmaceutical, building, automotive and other household and industrial products.

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