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Handy & Harman (HNH) approached by Steel Partners Holdings (SPLP)

  • March 6, 2017

Steel Partners Holdings (SPLP) announced that it has submitted a proposal to the independent members of the board of directors of Handy & Harman (HNH), to acquire all of the outstanding shares of common stock of HNH not owned by SPLP or its subsidiaries for a price of $29.00 per share, or approximately $106.7 million of value. SPLP currently owns approximately 70% of HNH’s outstanding shares.

June 26, 2017: Steel Partners Holdings L.P. (SPLP), a diversified global holding company, and Handy & Harman Ltd. (HNH), a diversified global industrial company, today announced they have signed a definitive merger agreement under which Steel Partners will acquire the remaining shares of Handy & Harman it does not currently own.