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Stock Market & Financial Investment News

News Breaks
January 5, 2012
09:02 EDTHNHHandy & Harman, SP Corporate Services enter management services agreement
Steel Partners Holdings L.P. , or SPH (SPNHU) announced that its wholly owned subsidiary, SP Corporate Services LLC, entered into a management services agreement with Handy & Harman Ltd. (HNH) effective January 1, 2012. Under the Management Services Agreement, SP Corporate will provide HNH with corporate and executive services including, without limitation, legal, tax, accounting, treasury, consulting, auditing, administration, compliance, environmental health and safety, human resources, marketing, investor relations and other similar services rendered for HNH and its subsidiaries. In addition, SP Corporate will provide HNH with the continued service of Glen Kassan, as HNH's CEO, Jim McCabe, as HNH's CFO, and certain other employees and corporate services.
News For HNH From The Last 14 Days
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April 15, 2015
08:08 EDTHNHHandy & Harman extends tender offer for JPS shares until May 1
Handy & Harman (HNH) announced that its wholly owned subsidiary, Handy & Harman Group Ltd. through one of HNH Groupís subsidiaries, HNH Group Acquisition LLC, has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries (JPST) 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, a subsidiary of Steel Partners Holdings L.P. (SPLP), 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. The depositary for the tender offer has advised that, as of the close of business on April 14, 2015, a total of approximately 215,896 shares, or approximately 2.1528% of the outstanding shares, of JPSí common stock, had been validly tendered into, and not properly withdrawn from, the tender offer.

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