Wolf Popper LLP Investigates Claims that the Proposed Transaction to Acquire SL Industries, Inc. May Not Be In the Best Interests of Its Investors
NEW YORK, June 22, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in SL Industries, Inc. ("SLI") (NYSE: SLI), concerning the proposal by Handy & Harman Ltd. ("Handy & Harman") (NASDAQ: HNH) to acquire SLI. Handy & Harman is an affiliate of Steel Partners Holdings L.P., which beneficially owns 25.3% of SLI's outstanding common stock, and two of the five members of SLI's board of directors are affiliated with Handy & Harman, including SLI's chairman. SLI shareholders seeking more information about this proposed transaction can contact Carl Stine at (212) 759-4600 or [email protected].
Under the terms of the proposed transaction, SLI's shareholders will be able to elect to receive cash or Handy & Harman stock, at per share price range of $43.00 to $45.00 per share. However, the proposed price range is significantly below SLI's 52-week high of $50.15 per share. The investigation concerns whether Handy & Harman is improperly conflicted and whether the proposed price range unfairly undervalues the inherent value of SLI such that SLI shareholders would not be receiving the maximum value for their shares.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: [email protected]
SOURCE Wolf Popper LLP
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