- Handy & Harman (NASDAQ:HNH) parent Steel Partners (SPLP) currently owns 39% of JPS Industries (JPST) shares, and HNH is bidding for the rest for $10 per share in cash.
- Steel Partners has been working with JPS management for some time to try and buy the company or sell it to a third party.
- The stock closed last night at $6.92, and closed today's regular session at $7.46.
- Source: Press Release