Steel Partners Holdings L.P. Through Its Wholly Owned Subsidiary Steel Excel, Inc. to Commence Dutch Auction Tender Offer to Repurchase up to $100 Million in Value of Its Common Units

Apr 07, 2022

Steel Partners Holdings L.P. (NYSE: SPLP) (“SPLP” or “the Company”), a global diversified holding company, through its wholly owned subsidiary Steel Excel, Inc. (“Steel Excel”) today announced that its Board of Directors has authorized a modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to $100 million in value of its common units, no par value, at a price per unit of not less than $40.00 nor greater than $42.00 per unit. The closing price of SPLP’s common units on April 6, 2022 was $40.54.

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