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Stock Market & Financial Investment News

News Breaks
February 11, 2013
09:35 EDTHNH, MLNKModusLink announces settlement with Handy & Harman over board seats
ModusLink (MLNK) announced that it has reached a settlement agreement with Handy & Harman (HNH) in relation to the annual meeting. Under the terms of the settlement agreement, ModusLink has agreed to nominate and solicit proxies solely for the Steel Group (SPLP) representatives Warren Lichtenstein and Glen Kassan for election at the meeting as Class I directors. Lichtenstein is Chairman of the Board of Directors of Handy & Harman and Chairman of the Board and Chief Executive Officer of the general partner of Steel Holdings. Kassan is Vice Chairman of the Board of Directors of Handy & Harman and Managing Director at Steel Partners LLC. Handy & Harman has agreed to withdraw its preliminary proxy statement and to end its proxy solicitation, and has entered into certain other standstill arrangements with the Company. Upon consummation of the investment, ModusLink Directors Edward Lucente and Joseph O’Donnell would step down from the board, and current Chairman Francis Jules and Director and Audit Committee Chairman Michael Mardy, whose terms on the board conclude at the annual meeting, would each be reappointed to the board as Class II directors.
News For MLNK;HNH From The Last 14 Days
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April 1, 2015
08:10 EDTHNHHandy & Harman extends acquisition offer for JPS Industries
Handy & Harman (HNH) announced that its wholly owned subsidiary, Handy & Harman Group, through one of HNH Group’s subsidiaries, HNH Group Acquisition, has extended the expiration of its previously announced tender offer to purchase common stock of JPS Industries to 5:00 pm New York City Time, on April 17. 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, a subsidiary of Steel Partners Holdings L.P. (SPLP), the parent company of HNH. This latest extension to the tender offer is due to HNH continuing its previously announced discussions with the company regarding a potential negotiated transaction.

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