- SL Industries (NYSEMKT:SLI-OLD) confirms receipt of a proposal from Handy & Harman (HNH) to acquire the company for cash and stock equaling $43-$45/share.
- HNH is an affiliiate of Steel Partners Holdings (SPLP), which owns 25.3% of SLI's oustanding common stock.
- SLI, which rose 8% in regular trading, +3% AH; HNH gained 1.4% today, and SPLP finished flat.