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Stock Market & Financial Investment News

News Breaks
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.
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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