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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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August 19, 2014
08:56 EDTHNHHandy & Harman announces increase in tender offer price
Handy & Harman announced that it has amended its previously announced tender offer to increase the price at which it will purchase shares of its common stock, par value 1c per share to a purchase price of $26.00 per share. The maximum aggregate size of the tender offer remains unchanged at $60M in value of Common Stock. However, the maximum number of shares the Company could purchase if the tender offer is fully subscribed has decreased to 2,307,692 shares from 2,500,000 shares. The tender offer remains scheduled to expire at 5:00 P.M., Eastern Time, on September 5, 2014, or such later date to which the Company may extend the tender offer.
August 7, 2014
05:19 EDTHNHHandy & Harman to commence tender offer to repurchase up to $60M in shares
Handy & Harman announced that its board has authorized a tender offer to purchase for cash up to $60M in value of shares of its common stock, par value 1c per share, at a price of $24.00 per share. The closing price of HNH's common stock on August 6 was $22.56. The company intends to commence the Offer on August 7 and expects the Offer will expire at 5:00 P.M., Eastern Time, on September 5, unless extended or withdrawn.

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