Handy & Harman Ltd. Commences All-Cash Tender Offer for SL Industries, Inc.
April 8, 2016
The Wall Street Journal reported that Olshan client Handy & Harman Ltd. has entered into a merger agreement to acquire SL Industries, Inc., a leading manufacturer of high-performance power solutions, in a transaction valued at approximately $164 million. In accordance with the merger agreement, Handy & Harman has commenced a tender offer to purchase all of the outstanding shares of SL Industries, Inc. for $40 per share in cash. Olshan attorneys representing Handy & Harman in this transaction include Steve Wolosky and Michael R. Neidell.