Steel Partners Hldgs (SPLP) 14.37 $SPLP
Handy & Harman Ltd. Announces Management Changes
BusinessWire - Tue Jun 14, 4:08PM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, announced today, following the successful completion of its acquisition of SL Industries, Inc. ("SLI", a leading manufacturer of high-performance power solutions, that the Board of Directors of HNH has appointed SLI's President & Chief Executive Officer, William T. Fejes, Jr., to the role of SVP of HNH and co-President & Chief Executive Officer of Handy & Harman Group Ltd. ("Group". Jeffrey A. Svoboda, currently SVP of HNH and President & Chief Executive Officer of Group, has been promoted to Vice Chairman of Steel Partners Holdings L.P. (NYSE: SPLP) ("Steel Partners Holdings", and Svoboda will serve as co-President & Chief Executive Officer of Group for a transitional period ending in October 2016. Steel Partners Holdings owns approximately 70% of HNH's outstanding common stock.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06), SLI: 39.99 (+0.02)
Steel Partners Holdings L.P. Announces Appointment of New Chief Financial Officer
BusinessWire - Mon May 23, 8:47AM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company", announced that the Company's Chief Financial Officer, James F. McCabe, Jr., resigned on May 19, 2016 to pursue other interests. Mr. McCabe has also resigned as Chief Financial Officer of SPLP's affiliates Handy & Harman Ltd. (NasdaqCM:HNH) ("HNH" and Steel Excel Inc. (Other OTC:SXCL) ("SXCL". Douglas B. Woodworth, Vice President and Controller of HNH, has been promoted internally and will replace Mr. McCabe as Chief Financial Officer of SPLP as well as of HNH and SXCL.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Steel Partners Holdings L.P. Reports First Quarter 2016 Financial Results
BusinessWire - Thu May 05, 4:36PM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company", a global diversified holding company, today announced operating results for the first quarter ended March 31, 2016. They are summarized in the following paragraph. For a full discussion of the operating results, please read the Company's Form 10-Q, which can be found at www.steelpartners.com.
SPLP: 14.37 (+0.06)
Steel Partners Holdings Releases Annual Letter from Executive Chairman Warren Lichtenstein
BusinessWire - Thu Apr 14, 3:38PM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company", a global, diversified holding company, yesterday released its annual letter from Executive Chairman, Warren Lichtenstein. The letter can be accessed at www.steelpartners.com under Investor Relations, and will also be mailed to all unitholders. The annual letter includes reviews of the Company's 2015 financial results, provides highlights and updates from the Company's holdings, including Aerojet Rocketdyne (NYSE:AJRD), Steel Sports Inc., WebBank, and Handy & Harman (NASDAQ:HNH), and discusses the philosophy and strategy moving forward.
HNH: 27.00 (+0.09), AJRD: 18.46 (+0.06), SPLP: 14.37 (+0.06)
Steel Partners Holdings L.P. Reports Fourth Quarter and Year End 2015 Financial Results
BusinessWire - Fri Mar 11, 3:48PM CST
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company", a global, diversified holding company, today announced operating results for the fourth quarter and year ended December 31, 2015. They are summarized in the following paragraphs. For a full discussion of the operating results, please read the Company's Form 10-K, which can be found at www.steelpartners.com.
SPLP: 14.37 (+0.06)
Steel Excel Inc. Announces Voluntary NASDAQ Delisting and SEC Deregistration
BusinessWire - Fri Mar 11, 3:05PM CST
Steel Excel Inc. (Nasdaq Capital Market:SXCL) ("Steel Excel", "SXCL" or the "Company", which operates Energy and Sports segments, today announced that it has notified the NASDAQ Stock Market ("NASDAQ" of its intention to voluntarily delist its common stock, with associated preferred stock purchase rights, from the NASDAQ Capital Market. The Company intends to cease trading on NASDAQ at the close of business on March 31, 2016. After the effective date of delisting, the Company intends to file a Form 15 with the Securities and Exchange Commission to voluntarily effect deregistration of its securities pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended. The Company's obligation to file current and periodic reports with the Securities and Exchange Commission ("SEC" will be terminated the same day upon the filing of the Form 15 with the SEC. The Company is eligible to deregister its common stock, with associated preferred stock purchase rights, because it has fewer than 300 stockholders of record.
SPLP: 14.37 (+0.06)
DGT Holdings Corp. Announces Completion of Reverse Stock Split
PR Newswire - Thu Oct 29, 3:30PM CDT
DGT Holdings Corp. (formerly traded on the OTCBB: DGTC) (the "Company" announced today that it has completed its previously announced 1-for-100,000 reverse stock split of the Company's common stock. On October 29, 2015, the Company filed an amendment to the Company's Certificate of Incorporation effecting the reverse stock split, which was approved and adopted by the Company's shareholders at a special meeting of shareholders held October 28, 2015. As a result of the reverse stock split, the Company became a wholly-owned subsidiary of Steel Partners Holdings L.P. and the Company ceased trading on the Over-the-Counter Bulletin Board on October 29, 2015.
SPLP: 14.37 (+0.06)
Steel Partners Holdings L.P. Reports Second Quarter 2015 Financial Results
BusinessWire - Thu Aug 06, 3:33PM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company", a global diversified holding company, today announced operating results for the second quarter ended June 30, 2015. They are summarized in the following paragraph. For a full discussion of the operating results, please read the Company's Form 10-Q, which can be found at www.steelpartners.com.
SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Completes Acquisition of JPS Industries, Inc.
BusinessWire - Thu Jul 02, 3:15PM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH", a diversified global industrial company, and JPS Industries, Inc. (formerly Pink Sheets: JPST) (the "Company" or "JPS", a leading manufacturer of composite materials, announced today the successful completion of HNH's acquisition of JPS. Under the terms of the parties' merger agreement, at the effective time of the merger, each outstanding share of JPS common stock (other than shares owned by HNH and its affiliates) was converted into the right to receive $11.00 per share in cash.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Enters into Definitive Agreement to Acquire JPS Industries, Inc.
BusinessWire - Mon Jun 01, 7:00AM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH", a diversified global industrial company, and JPS Industries, Inc. (Pink Sheets: JPST) (the "Company" or "JPS", a leading manufacturer of composite materials, announced today that they have entered into a definitive merger agreement pursuant to which HNH will acquire JPS.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman announces further extension of tender offer for JPS Industries' shares
M2 - Thu May 28, 4:42AM CDT
Handy & Harman Ltd (HNH) (Nasdaq:HNH), a diversified industrial company, announced on Wednesday that its wholly owned subsidiary, Handy & Harman Group Ltd (HNH Group), through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the purchaser), has extended the expiration of its tender offer to purchase common stock of JPS Industries Inc (Pink Sheets: JPST) up to 17:00 hours, New York City Time on 12 June 2015, unless further extended.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until June 12, 2015, Due to Continuing Discussions with the Company
BusinessWire - Wed May 27, 8:00AM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH", a diversified global industrial company, announced today, that its wholly owned subsidiary, Handy & Harman Group Ltd. ("HNH Group", through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the "Purchaser", has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries, Inc. (Pink Sheets: JPST) (the "Company" or "JPS", to 5:00 p.m., New York City Time, on June 12, 2015, unless further extended. Under the tender offer, the Purchaser has offered to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS, at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings", a subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP) ("SPH", the parent company of HNH, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of HNH. The tender offer had been originally scheduled to expire at 5:00 p.m., New York City Time, on February 26, 2015 and was extended by HNH on February 23, 2015 to 5:00 p.m., New York City Time, on March 9, 2015, was further extended by HNH on March 4, 2015 to 5:00 p.m., New York City Time, on March 23, 2015, was further extended by HNH on March 19, 2015 to 5:00 p.m., New York City Time, on April 3, 2015, was further extended by HNH on April 1, 2015 to 5:00 p.m., New York City Time, on April 17, 2015, was further extended by HNH on April 14, 2015 to 5:00 p.m., New York City Time, on May 1, 2015, was further extended by HNH on April 29, 2015 to 5:00 p.m., New York City Time, on May 15, 2015, and was further extended by HNH on May 13, 2015 to 5:00 p.m., New York City Time, on May 29, 2015. This latest extension to the tender offer is due to HNH continuing its previously announced discussions with the Company regarding a potential negotiated transaction. There is no assurance that HNH and the Company will enter into a definitive agreement.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until May 29, 2015, Due to Continuing Discussions with the Company
BusinessWire - Wed May 13, 3:15PM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH", a diversified global industrial company, announced today, that its wholly owned subsidiary, Handy & Harman Group Ltd. ("HNH Group", through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the "Purchaser", has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries, Inc. (Pink Sheets:JPST) (the "Company" or "JPS", to 5:00 p.m., New York City Time, on May 29, 2015, unless further extended. Under the tender offer, the Purchaser has offered to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS, at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings", a subsidiary of Steel Partners Holdings L.P. (NYSE:SPLP) ("SPH", the parent company of HNH, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of HNH. The tender offer had been originally scheduled to expire at 5:00 p.m., New York City Time, on February 26, 2015 and was extended by HNH on February 23, 2015 to 5:00 p.m., New York City Time, on March 9, 2015, was further extended by HNH on March 4, 2015 to 5:00 p.m., New York City Time, on March 23, 2015, was further extended by HNH on March 19, 2015 to 5:00 p.m., New York City Time, on April 3, 2015, was further extended by HNH on April 1, 2015 to 5:00 p.m., New York City Time, on April 17, 2015, was further extended by HNH on April 14, 2015 to 5:00 p.m., New York City Time, on May 1, 2015, and was further extended by HNH on April 29, 2015 to 5:00 p.m., New York City Time, on May 15, 2015. This latest extension to the tender offer is due to HNH continuing its previously announced discussions with the Company regarding a potential negotiated transaction. There is no assurance that HNH and the Company will enter into a definitive agreement.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman announces extension of tender offer for shares of JPS Industries to 15 May 2015
M2 - Thu Apr 30, 6:10AM CDT
Handy & Harman Ltd (HNH) (Nasdaq:HNH), a diversified manufacturer of engineered niche industrial products, announced on Wednesday that its wholly owned subsidiary, Handy & Harman Group Ltd, through one of HNH Group's subsidiaries, HNH Group Acquisition LLC, has extended the expiry of its tender offer to purchase common stock of JPS Industries Inc (Pink Sheets: JPST) to 17:00 hours, New York City Time, on 15 May 2015, unless further extended.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until May 1, 2015
BusinessWire - Wed Apr 15, 7:00AM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH", a diversified global industrial company, announced today, that its wholly owned subsidiary, Handy & Harman Group Ltd. ("HNH Group", through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the "Purchaser", has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries, Inc. (Pink Sheets:JPST) (the "Company" or "JPS", to 5:00 p.m., New York City Time, on May 1, 2015, unless further extended. Under the tender offer, the Purchaser has offered to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS, at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings", a subsidiary of Steel Partners Holdings L.P. (NYSE:SPLP) ("SPH", the parent company of HNH, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of HNH. The tender offer had been originally scheduled to expire at 5:00 p.m., New York City Time, on February 26, 2015 and was extended by HNH on February 23, 2015 to 5:00 p.m., New York City Time, on March 9, 2015, was further extended by HNH on March 4, 2015 to 5:00 p.m., New York City Time, on March 23, 2015, was further extended by HNH on March 19, 2015 to 5:00 p.m., New York City Time, on April 3, 2015 and was further extended by HNH on April 1, 2015 to 5:00 p.m., New York City Time, on April 17, 2015.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Announces Management Changes
BusinessWire - Tue Jun 14, 4:08PM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, announced today, following the successful completion of its acquisition of SL Industries, Inc. ("SLI", a leading manufacturer of high-performance power solutions, that the Board of Directors of HNH has appointed SLI's President & Chief Executive Officer, William T. Fejes, Jr., to the role of SVP of HNH and co-President & Chief Executive Officer of Handy & Harman Group Ltd. ("Group". Jeffrey A. Svoboda, currently SVP of HNH and President & Chief Executive Officer of Group, has been promoted to Vice Chairman of Steel Partners Holdings L.P. (NYSE: SPLP) ("Steel Partners Holdings", and Svoboda will serve as co-President & Chief Executive Officer of Group for a transitional period ending in October 2016. Steel Partners Holdings owns approximately 70% of HNH's outstanding common stock. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06), SLI: 39.99 (+0.02)
Steel Partners Holdings L.P. Announces Appointment of New Chief Financial Officer
BusinessWire - Mon May 23, 8:47AM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company"
, announced that the Company's Chief Financial Officer, James F. McCabe, Jr., resigned on May 19, 2016 to pursue other interests. Mr. McCabe has also resigned as Chief Financial Officer of SPLP's affiliates Handy & Harman Ltd. (NasdaqCM:HNH) ("HNH" and Steel Excel Inc. (Other OTC:SXCL) ("SXCL". Douglas B. Woodworth, Vice President and Controller of HNH, has been promoted internally and will replace Mr. McCabe as Chief Financial Officer of SPLP as well as of HNH and SXCL. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Steel Partners Holdings L.P. Reports First Quarter 2016 Financial Results
BusinessWire - Thu May 05, 4:36PM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company"
, a global diversified holding company, today announced operating results for the first quarter ended March 31, 2016. They are summarized in the following paragraph. For a full discussion of the operating results, please read the Company's Form 10-Q, which can be found at www.steelpartners.com. SPLP: 14.37 (+0.06)
Steel Partners Holdings Releases Annual Letter from Executive Chairman Warren Lichtenstein
BusinessWire - Thu Apr 14, 3:38PM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company"
, a global, diversified holding company, yesterday released its annual letter from Executive Chairman, Warren Lichtenstein. The letter can be accessed at www.steelpartners.com under Investor Relations, and will also be mailed to all unitholders. The annual letter includes reviews of the Company's 2015 financial results, provides highlights and updates from the Company's holdings, including Aerojet Rocketdyne (NYSE:AJRD), Steel Sports Inc., WebBank, and Handy & Harman (NASDAQ:HNH), and discusses the philosophy and strategy moving forward. HNH: 27.00 (+0.09), AJRD: 18.46 (+0.06), SPLP: 14.37 (+0.06)
Steel Partners Holdings L.P. Reports Fourth Quarter and Year End 2015 Financial Results
BusinessWire - Fri Mar 11, 3:48PM CST
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company"
, a global, diversified holding company, today announced operating results for the fourth quarter and year ended December 31, 2015. They are summarized in the following paragraphs. For a full discussion of the operating results, please read the Company's Form 10-K, which can be found at www.steelpartners.com. SPLP: 14.37 (+0.06)
Steel Excel Inc. Announces Voluntary NASDAQ Delisting and SEC Deregistration
BusinessWire - Fri Mar 11, 3:05PM CST
Steel Excel Inc. (Nasdaq Capital Market:SXCL) ("Steel Excel", "SXCL" or the "Company"
, which operates Energy and Sports segments, today announced that it has notified the NASDAQ Stock Market ("NASDAQ" of its intention to voluntarily delist its common stock, with associated preferred stock purchase rights, from the NASDAQ Capital Market. The Company intends to cease trading on NASDAQ at the close of business on March 31, 2016. After the effective date of delisting, the Company intends to file a Form 15 with the Securities and Exchange Commission to voluntarily effect deregistration of its securities pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended. The Company's obligation to file current and periodic reports with the Securities and Exchange Commission ("SEC" will be terminated the same day upon the filing of the Form 15 with the SEC. The Company is eligible to deregister its common stock, with associated preferred stock purchase rights, because it has fewer than 300 stockholders of record. SPLP: 14.37 (+0.06)
DGT Holdings Corp. Announces Completion of Reverse Stock Split
PR Newswire - Thu Oct 29, 3:30PM CDT
DGT Holdings Corp. (formerly traded on the OTCBB: DGTC) (the "Company"
announced today that it has completed its previously announced 1-for-100,000 reverse stock split of the Company's common stock. On October 29, 2015, the Company filed an amendment to the Company's Certificate of Incorporation effecting the reverse stock split, which was approved and adopted by the Company's shareholders at a special meeting of shareholders held October 28, 2015. As a result of the reverse stock split, the Company became a wholly-owned subsidiary of Steel Partners Holdings L.P. and the Company ceased trading on the Over-the-Counter Bulletin Board on October 29, 2015. SPLP: 14.37 (+0.06)
Steel Partners Holdings L.P. Reports Second Quarter 2015 Financial Results
BusinessWire - Thu Aug 06, 3:33PM CDT
Steel Partners Holdings L.P. (NYSE:SPLP) ("SPLP" or the "Company"
, a global diversified holding company, today announced operating results for the second quarter ended June 30, 2015. They are summarized in the following paragraph. For a full discussion of the operating results, please read the Company's Form 10-Q, which can be found at www.steelpartners.com. SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Completes Acquisition of JPS Industries, Inc.
BusinessWire - Thu Jul 02, 3:15PM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, and JPS Industries, Inc. (formerly Pink Sheets: JPST) (the "Company" or "JPS", a leading manufacturer of composite materials, announced today the successful completion of HNH's acquisition of JPS. Under the terms of the parties' merger agreement, at the effective time of the merger, each outstanding share of JPS common stock (other than shares owned by HNH and its affiliates) was converted into the right to receive $11.00 per share in cash. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Enters into Definitive Agreement to Acquire JPS Industries, Inc.
BusinessWire - Mon Jun 01, 7:00AM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, and JPS Industries, Inc. (Pink Sheets: JPST) (the "Company" or "JPS", a leading manufacturer of composite materials, announced today that they have entered into a definitive merger agreement pursuant to which HNH will acquire JPS. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman announces further extension of tender offer for JPS Industries' shares
M2 - Thu May 28, 4:42AM CDT
Handy & Harman Ltd (HNH) (Nasdaq:HNH), a diversified industrial company, announced on Wednesday that its wholly owned subsidiary, Handy & Harman Group Ltd (HNH Group), through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the purchaser), has extended the expiration of its tender offer to purchase common stock of JPS Industries Inc (Pink Sheets: JPST) up to 17:00 hours, New York City Time on 12 June 2015, unless further extended.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until June 12, 2015, Due to Continuing Discussions with the Company
BusinessWire - Wed May 27, 8:00AM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, announced today, that its wholly owned subsidiary, Handy & Harman Group Ltd. ("HNH Group", through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the "Purchaser", has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries, Inc. (Pink Sheets: JPST) (the "Company" or "JPS", to 5:00 p.m., New York City Time, on June 12, 2015, unless further extended. Under the tender offer, the Purchaser has offered to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS, at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings", a subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP) ("SPH", the parent company of HNH, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of HNH. The tender offer had been originally scheduled to expire at 5:00 p.m., New York City Time, on February 26, 2015 and was extended by HNH on February 23, 2015 to 5:00 p.m., New York City Time, on March 9, 2015, was further extended by HNH on March 4, 2015 to 5:00 p.m., New York City Time, on March 23, 2015, was further extended by HNH on March 19, 2015 to 5:00 p.m., New York City Time, on April 3, 2015, was further extended by HNH on April 1, 2015 to 5:00 p.m., New York City Time, on April 17, 2015, was further extended by HNH on April 14, 2015 to 5:00 p.m., New York City Time, on May 1, 2015, was further extended by HNH on April 29, 2015 to 5:00 p.m., New York City Time, on May 15, 2015, and was further extended by HNH on May 13, 2015 to 5:00 p.m., New York City Time, on May 29, 2015. This latest extension to the tender offer is due to HNH continuing its previously announced discussions with the Company regarding a potential negotiated transaction. There is no assurance that HNH and the Company will enter into a definitive agreement. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until May 29, 2015, Due to Continuing Discussions with the Company
BusinessWire - Wed May 13, 3:15PM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, announced today, that its wholly owned subsidiary, Handy & Harman Group Ltd. ("HNH Group", through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the "Purchaser", has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries, Inc. (Pink Sheets:JPST) (the "Company" or "JPS", to 5:00 p.m., New York City Time, on May 29, 2015, unless further extended. Under the tender offer, the Purchaser has offered to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS, at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings", a subsidiary of Steel Partners Holdings L.P. (NYSE:SPLP) ("SPH", the parent company of HNH, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of HNH. The tender offer had been originally scheduled to expire at 5:00 p.m., New York City Time, on February 26, 2015 and was extended by HNH on February 23, 2015 to 5:00 p.m., New York City Time, on March 9, 2015, was further extended by HNH on March 4, 2015 to 5:00 p.m., New York City Time, on March 23, 2015, was further extended by HNH on March 19, 2015 to 5:00 p.m., New York City Time, on April 3, 2015, was further extended by HNH on April 1, 2015 to 5:00 p.m., New York City Time, on April 17, 2015, was further extended by HNH on April 14, 2015 to 5:00 p.m., New York City Time, on May 1, 2015, and was further extended by HNH on April 29, 2015 to 5:00 p.m., New York City Time, on May 15, 2015. This latest extension to the tender offer is due to HNH continuing its previously announced discussions with the Company regarding a potential negotiated transaction. There is no assurance that HNH and the Company will enter into a definitive agreement. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman announces extension of tender offer for shares of JPS Industries to 15 May 2015
M2 - Thu Apr 30, 6:10AM CDT
Handy & Harman Ltd (HNH) (Nasdaq:HNH), a diversified manufacturer of engineered niche industrial products, announced on Wednesday that its wholly owned subsidiary, Handy & Harman Group Ltd, through one of HNH Group's subsidiaries, HNH Group Acquisition LLC, has extended the expiry of its tender offer to purchase common stock of JPS Industries Inc (Pink Sheets: JPST) to 17:00 hours, New York City Time, on 15 May 2015, unless further extended.
HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until May 1, 2015
BusinessWire - Wed Apr 15, 7:00AM CDT
Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"
, a diversified global industrial company, announced today, that its wholly owned subsidiary, Handy & Harman Group Ltd. ("HNH Group", through one of HNH Group's subsidiaries, HNH Group Acquisition LLC (the "Purchaser", has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries, Inc. (Pink Sheets:JPST) (the "Company" or "JPS", to 5:00 p.m., New York City Time, on May 1, 2015, unless further extended. Under the tender offer, the Purchaser has offered to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS, at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings", a subsidiary of Steel Partners Holdings L.P. (NYSE:SPLP) ("SPH", the parent company of HNH, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of HNH. The tender offer had been originally scheduled to expire at 5:00 p.m., New York City Time, on February 26, 2015 and was extended by HNH on February 23, 2015 to 5:00 p.m., New York City Time, on March 9, 2015, was further extended by HNH on March 4, 2015 to 5:00 p.m., New York City Time, on March 23, 2015, was further extended by HNH on March 19, 2015 to 5:00 p.m., New York City Time, on April 3, 2015 and was further extended by HNH on April 1, 2015 to 5:00 p.m., New York City Time, on April 17, 2015. HNH: 27.00 (+0.09), SPLP: 14.37 (+0.06)
