Steel Partners Holdings L.P. Signs Merger Agreement to Acquire Remaining Shares of Handy & Harman Ltd.

Olshan client Steel Partners Holdings L.P. has entered into a definitive merger agreement with Handy & Harman Ltd. to acquire the remaining shares of Handy & Harman it does not currently own.  Under the agreement, Steel Partners, together with a wholly owned subsidiary, will commence an exchange offer to acquire all the outstanding shares of Handy & Harman’s common stock (not owned by Steel Partners or any of its affiliated entities) for 1.484 6.0% Series A preferred units of Steel Partners, which are listed on the New York Stock Exchange, for each Handy & Harman share tendered.  Olshan attorneys representing Steel Partners in this transaction include Steve Wolosky, Michael Neidell, and Jason Saltsberg.