Dec. 30, 2014, 4:28 PM
- Handy & Harman (NASDAQ:HNH) parent Steel Partners (NYSE:SPLP) currently owns 39% of JPS Industries (OTCPK: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
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Handy & Harman Ltd is a manufacturer of engineered industrial products. Its business segments include: Precious Metal, Tubing, Engineered Materials, Arlon Electronic Materials and Kasco Blades and Route Repair Services.
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