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Stock Market & Financial Investment News

News Breaks
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the Offer on August 7 and expects the Offer will expire at 5:00 P.M., Eastern Time, on September 5, unless extended or withdrawn.
News For HNH From The Last 14 Days
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December 19, 2014
08:02 EDTHNHHandy & Harman Announces Sale of Arlon to Rogers for $157M
Handy & Harman (HNH) announced that it has entered into a definitive agreement with Rogers Corporation (ROG) under which Rogers will purchase HNH’s subsidiary Arlon for a total transaction value of $157M. The companies expect to close the transaction, subject to the necessary regulatory approvals and other customary closing conditions, in the first half of 2015.
07:32 EDTHNHRogers Corp agrees to acquire Arlon from Handy & Harman for $157M
Rogers Corporation (ROG) announced it has signed a definitive agreement to acquire Arlon, currently owned by Handy & Harman (HNH), for $157M, subject to closing and post-closing adjustments. The transaction, which is subject to regulatory clearances, is expected to close in the first half of 2015. Rogers intends to finance the transaction through a combination of cash and borrowings under an existing bank credit facility. Revenue and operating income for the Arlon segment of Handy & Harman were $100.4M and $16.7M, respectively, for the trailing twelve months ended September 30. Rogers expects the transaction to be accretive to its earnings in the first twelve months following the acquisition, excluding purchase accounting charges.

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