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Stock Market & Financial Investment News

News Breaks
March 23, 2012
13:20 EDTHNH, MLNKModusLink responds to Handy & Harman
ModusLink (MLNK) issued the following statement in response to the press release issued by Handy & Harman Ltd. (HNH) together with BNS Holding, Inc. and Steel Partners, Ltd. earlier today: ModusLink’s Board of Directors and management team are committed to acting in the best interests of the Company and ALL ModusLink stockholders. Last November, ModusLink’s Board of Directors commenced a comprehensive review of the strategic alternatives available to the Company to enhance stockholder value. Contrary to the HNH Group’s assertions, that process is well underway as stated on the Company’s recent quarterly investor conference call, and it would be inappropriate for the Board to potentially jeopardize the process by publicizing details. Furthermore, the Stockholder Rights Agreement that was adopted by ModusLink’s Board on March 21, 2012, enables the Company to continue to conduct an orderly, thorough and deliberative process of exploring the Company’s strategic alternatives.
News For MLNK;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 Group’s 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 JPS’ common stock, had been validly tendered into, and not properly withdrawn from, the tender offer.

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