Steel Partners Hldgs (SPLP) 17.53 $SPLP
Handy & Harman Ltd. Announces the Number of its Shares to be Exchanged for the Shares of JPS Industries, Inc. Owned by Steel Partners, its Parent Company, Pursuant to its Previously Announced Fully-Financed Tender Offer for Up To 96.5% of the Outstanding Shares of JPS
PR Newswire - Thu Feb 05, 6:30PM CST
Handy & Harman Ltd. (Nasdaq: HNH) ("HNH"
, a diversified global industrial company, announced today that pursuant to the terms of the Offer to Purchase in connection with the tender offer commenced on January 26, 2015 by HNH's subsidiary with respect to the common stock of JPS Industries, Inc. (Pink Sheets: JPST) (the "Company" or "JPS" , it has determined that the number of newly issued shares of HNH common stock to be exchanged for the 4,021,580 shares of JPS (approximately 38.7% of the outstanding shares) currently owned by HNH's parent company, SPH Group Holdings LLC ("SPHG Holdings" , a subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP) ("SPH" , is equal to 863,946 shares (equal to approximately .2148 HNH shares per JPS share) (the "HNH Exchange Shares" . As discussed in the Offer to Purchase, the number of HNH Exchange Shares has been determined by reference to the ten days' trailing volume weighted average price for HNH common stock for the ten days following the date of the commencement of the tender offer.
HNH: 47.30 (-0.01), SPLP: 17.53 (-0.02)
Handy & Harman Ltd. Announces the Number of its Shares to be Exchanged for the Shares of JPS Industries, Inc. Owned by Steel Partners, its Parent Company, Pursuant to its Previously Announced Fully-Financed Tender Offer for Up To 96.5% of the Outstanding Shares of JPS
PR Newswire - Thu Feb 05, 6:30PM CST
Handy & Harman Ltd. (Nasdaq: HNH) ("HNH"
, a diversified global industrial company, announced today that pursuant to the terms of the Offer to Purchase in connection with the tender offer commenced on January 26, 2015 by HNH's subsidiary with respect to the common stock of JPS Industries, Inc. (Pink Sheets: JPST) (the "Company" or "JPS" , it has determined that the number of newly issued shares of HNH common stock to be exchanged for the 4,021,580 shares of JPS (approximately 38.7% of the outstanding shares) currently owned by HNH's parent company, SPH Group Holdings LLC ("SPHG Holdings" , a subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP) ("SPH" , is equal to 863,946 shares (equal to approximately .2148 HNH shares per JPS share) (the "HNH Exchange Shares" . As discussed in the Offer to Purchase, the number of HNH Exchange Shares has been determined by reference to the ten days' trailing volume weighted average price for HNH common stock for the ten days following the date of the commencement of the tender offer. HNH: 47.30 (-0.01), SPLP: 17.53 (-0.02)
