Quinpario in the News
Activist Shareholders Push Chemical Firms Into Major Changes
Over the past year, aggressive investors have looked for ways to enhance the stock value of companies. “The chemical industry is ripe for shareholder activism,” says Jeffry N. Quinn, who heads Quinpario Partners, an activist investor firm.
Quinpario Acquisition Corp. Common Stock and Warrants to Commence Trading Separately on September 30, 2013
Quinpario Acquisition Corp. (Nasdaq: QPACU), a special purpose acquisition company (SPAC) formed by Mr. Jeffry N. Quinn, former chairman, president and chief executive officer of Solutia Inc., and Quinpario Partners LLC, for the purpose of acquiring or merging with an operating business, primarily focusing on the specialty chemicals and performance materials sectors, today announced that the holders of the Company’s units may elect to separately trade the common stock and warrants underlying the units commencing September 30, 2013.
Quinpario Acquisition Corp. Closes $172,500,000 Initial Public Offering
Quinpario Acquisition Corp. (QPACU), a special purpose acquisition company (SPAC) formed by Mr. Jeffry N. Quinn and Quinpario Partners LLC, today announced that it has completed its initial public offering of 17,250,000 units at $10.00 per unit, for gross proceeds to the company of $172,500,000, which includes the underwriters’ exercise of their over-allotment option in full. The units are listed on the Nasdaq Capital Market under the symbol “QPACU”.
Quinpario Acquisition Corp. Announces Pricing of $150,000,000 Initial Public Offering
Quinpario Acquisition Corp. (the "Company") (QPACU), a newly-organized blank check company formed for the purpose of acquiring or merging with an operating business in the specialty chemicals and performance materials sectors, today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit for gross proceeds of $150,000,000 on August 8, 2013.
Quinpario plans $150 million ‘blank check’ offering
An investment firm run by former Solutia Chief Executive Jeffry Quinn said Wednesday it plans to raise $150 million through a “blank check” initial public offering.
Quinpario plans to raise $150 million for more chemicals investments
Jeffry Quinn’s Quinpario Partners is ready to buy into additional companies and is looking to raise $150 million to do it.
Quinpario Acquisition Unveils Plans for $150 Million IPO
Quinpario Acquisition Corp. unveiled plans for an initial public offering of roughly $150 million as the blank-check firm raises funds for potential purchases of other businesses.
What is Quinn's Quinpario Partners up to?
Jeffry Quinn steered chemicals manufacturer Solutia Inc. out of bankruptcy, sold it to Eastman Chemical Co. for $3.4 billion last year, and pocketed $30 million. Then he and five other executives from Solutia formed Quinpario Partners to invest in chemicals companies and recently have been trying to take control of Zoltek Cos. Inc. in St. Louis and Ferro Corp. in Cleveland. We visited with Quinn, Quinpario’s chairman and chief executive, about his vision and plan.
Ferro Concedes Two Director Seats to Dissident Nominees
Ferro Corp. (FOE), a U.S. chemical company that rejected an unsolicited takeover offer, agreed to concede two board seats to dissident director nominees who have criticized the company’s performance.
Ferro, Shareholder Group Agree on Slate of Board Nominees
Ferro Corp. (FOE) has agreed with a group of shareholders on which nominees to back at the specialty chemical company's annual shareholders meeting next Wednesday.
Ferro and the FrontFour-Quinpario Group Reach Agreement
Ferro Corporation (NYSE: FOE) (the “Company”) and the FrontFour Capital Group and Quinpario Partners (the “FrontFour-Quinpario Group”) today announced that they have reached an agreement in connection with the Company’s 2013 Annual Meeting of Shareholders.
The Shareholder Committee for the Future of Ferro Issues Open Letter to Shareholders of Ferro Corporation: Urges Shareholders to Ignore Ferro's Campaign of Misinformation and Personal Attacks, Reiterates Plan to Maximize Shareholder Value at Ferro
The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issued an open letter to the shareholders of Ferro Corporation (NYSE: FOE).
Quinn wins endorsement to Ferro board
A proxy advisory service has recommended Jeffry Quinn for election to the board of Ferro Corp., a Cleveland chemicals manufacturer that he has pledge to turn around.
ISS endorses Quinn for Ferro board
Former Solutia Chief Executive Jeffry Quinn has won an important endorsement in his battle for a board seat at Ferro, a materials company based in Mayfield Heights, Ohio.
Institutional Shareholder Services (ISS) Recommends Ferro Corporation Shareholders Vote to Elect Nominees of the Shareholder Committee for the Future of Ferro at Upcoming Annual Meeting: ISS Recommends Vote on Committee's GREEN Proxy Card
The Shareholder Committee for the Future of Ferro, a significant shareholder of Ferro Corporation (FOE), today announced that Institutional Shareholder Services (ISS), a leading independent proxy voting advisory firm, has recommended that Ferro shareholders vote on the Committee's GREEN proxy card to elect two of the Committee's highly-qualified nominees, Jeffry N. Quinn and David A. Lorber.
Ferro Investors Advised by ISS to Vote for Two Dissidents
Shareholders of Ferro Corp. (FOE), a U.S. chemical company fending off an unsolicited takeover offer, should vote for two of three dissident director nominees, according to proxy advisory firm Institutional Investor Services Inc.
The Shareholder Committee for the Future of Ferro issues presentation highlighting the need for Change at Ferro — Path to Value Creation
Gabelli-led group boosts its Ferro Corp. stake above 16%
A group of investment firms connected to Mario J. Gabelli has increased its stock holdings in specialty chemical maker Ferro Corp. of Mayfield Heights, according to information filed today with the U.S. Securities and Exchange Commission.
Ferro Seen Securing Decade-High Chemical Bid: Real M&A
Ferro Corp. (FOE) shareholders are betting an increased takeover offer from A. Schulman Inc. and a push from activists to overhaul the board will compel the chemical company’s management to agree to a deal. Ferro, a Mayfield Heights, Ohio-based maker of chemicals used in coatings and ceramics, said March 4 it had rejected an offer of $6.50 a share — that it later called a “low-ball” bid — from plastics maker Schulman, based about 34 miles (55 kilometers) away in Akron, Ohio. With Schulman reiterating yesterday it may raise the bid if it can look at Ferro’s books, the stock has traded above the offer every day as investors wager the takeover succeeds at a higher level. Credit Suisse Group AG estimates a winning bid to be $7.50 a share, while First Analysis Securities Corp. says it may be as much as $9.
The Shareholder Committee for the Future of Ferro Issues Open Letter to Shareholders of Ferro Corporation: Comments on the Ferro Board's Repeated Failures in Strategy, Value Creation and Execution; and, Urges Shareholders to Support the Committee's Efforts and Vote the GREEN Proxy Card
The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issued an open letter to the shareholders of Ferro Corporation (NYSE: FOE).
Quinpario: More Chemical Companies Need 'Reinvigoration'
Quinpario Partners LLC, a private- equity fund seeking changes at Ferro Corp. (FOE) and Zoltek Companies Inc., expects to take active stakes in more chemical and materials companies needing “reinvigoration,” Chairman and Chief Executive Officer Jeffry Quinn said.
Quinn-led investors, Zoltek reach truce
An investment group led by Jeffry Quinn has agreed to table its attempt to oust Zoltek Cos.’ board of directors and to replace it with its own slate of candidates as it engages in talks with the company.
Quinpario Partners Demands Zoltek Immediately Call Special Meeting of Shareholders
Quinpario Partners LLC issued a statement today in response to a letter it has received from outside counsel to Zoltek Companies, Inc. ("Zoltek" or the "Company") (Nasdaq: ZOLT) indicating that Zoltek does not intend to comply with Quinpario's March 4th written request that the Company call a special meeting of shareholders for purposes of removing the entire current Board and electing five highly qualified Quinpario nominees to fill the vacancies (the "Special Meeting").
Zoltek Rebuffs Offers, But Quinn Isn't Going Away
On March fifth, St. Louis, MO based carbon fiber manufacturer Zolek’s (NASD:ZOLT) shares jumped 14% to $10.52, having traded as high as $11.70 intraday when Quinpario Partners LLC and allied investors disclosed a 10.13% stake in the company.
The Shareholder Committee for the Future of Ferro Comments on Ferro's Rejection of A. Schulman's Offer to Acquire Ferro for $6.50 Per Share
The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issues an open letter to the shareholders of Ferro Corporation (NYSE: FOE) commenting on Ferro's rejection of A. Schulman's offer to acquire Ferro for $6.50 per share and expressing its disappointment with Ferro's financial results for the fourth quarter and full-year ended December 31, 2012.
Ex-Solutia CEO seeks to oust Zoltek board
After a failed bid to buy Zoltek Cos., an investment group led by Jeffry Quinn now is seeking control by ousting the company’s board of directors, arguing a new board is needed to re-energize the carbon fiber maker’s financial performance.
Quinpario Partners Discloses Group Ownership of 10.13% in Zoltek
Quinpario Partners LLC announced today the formation of a group consisting of highly competent and reputable investors and director candidates with respect to Quinpario's investment in Zoltek Companies, Inc. ("Zoltek" or the "Company") (Nasdaq:ZOLT).
Preliminary Proxy Statement of The Shareholder Committee for the Future of Ferro
The Shareholder Committee for the Future of Ferro Issues Open Letter to Shareholders of Ferro Corporation: Comments on Sale of Ferro's Solar Pastes Assets, Reiterates Belief that Change is Needed at Ferro
The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issued an open letter to the shareholders of Ferro Corporation (NYSE: FOE) commenting on the sale of Ferro's solar pastes assets and reiterating the Committee's belief that change is needed at Ferro.
The Shareholder Committee for the Future of Ferro Nominates Three Highly Qualified Independent Directors for Election to the Board of Directors of Ferro Corporation
The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, announced today that it has notified Ferro Corporation (NYSE: FOE) of its intention to nominate three highly qualified individuals for election to the Board of Directors of the Company at the 2013 Annual Meeting of Shareholders.