Steel Connect Inc

NASDAQ:STCN   2:17:21 PM EDT
1.34
0.00 (0.00%)
Debt Financing / Related, Mergers / Acquisitions

Steel Partners, Steel Connect Enter Into Definitive Merger Agreement

Published: 06/13/2022 10:11 GMT
Steel Connect Inc (STCN) - 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.