Steel Partners Holdings (SPLP) – Odd Lot Tender Offer – $79 Potential
Current Price – $16.70
Offer Price – $16.50 – $17.50
Upside – 4.8% or $79 for Odd Lot holders
Downside – 1.2% or -$20 for Odd Lot holders
Expiration date – April 23, 2014
Odd Lot holders (less than 100 shares) are not subject to proration
Summary:
Steel Partners Holdings L.P., a Delaware limited partnership is offering to purchase for cash, up to $49 million in value of its common units, no par value, upon the terms and subject