| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for WHX Corp. > News item |
Steel Partners II owns 75% of WHX Corp.
By Lisa Kerner
Charlotte, N.C., Sept. 29 - WHX Corp. investor Steel Partners II, LP bought 86,309,098 shares at $1.40 per share on Sept. 25, according to a schedule 13D filed with Securities and Exchange Commission. The purchase raised its stake in the company to 75%.
The purchase follows Steel Partners II's exercise of its basic and over-subscription privileges in connection with WHX's subscription rights offering.
Steel Partners II affiliate EMH Howard, LLC acquired 71,425 shares at a price of $1.40 per share following the exercise of its basic subscription privilege in connection with the rights offering.
The investors beneficially own approximately 91.33 shares, or 75.0% of the White Plains, N.Y., precious metals fabricator.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.