Steel Partners Holdings LP - Unit

NYSE:SPLP   3:58:57 PM EDT
41.57
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Debt Financing / Related, Mergers / Acquisitions

Steel Partners, Steel Connect Enter Into Definitive Merger Agreement

Published: 06/13/2022 10:11 GMT
(SPLP) - Steel Partners and Steel Connect Enter Into Definitive Merger Agreement.
Steel Partners - Holders of Steel Connect's Shares of Common Stock to Receive US $1.35/share in Cash & One Cvr to Receive Pro Rata Share of Net Proceeds.
Steel Partners Holdings Lp - Upon Closing of Merger, Steel Connect Will Become a Wholly Owned Subsidiary of Steel Partners.
Steel Partners Holdings Lp - Merger is Not Subject to a Financing Condition.
Steel Partners Holdings Lp - Steel Connect Will Call a Meeting of Its Stockholders for Purpose of Voting on Adoption of Merger Agreement in Due Course.
Steel Partners Holdings Lp - Merger Agreement Includes a "go-shop" Period That Expires at 11:59 Pm Eastern Time on July 12, 2022.