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Stock Market & Financial Investment News

News Breaks
March 23, 2012
13:20 EDTMLNK, HNHModusLink 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.
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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.

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