Steel Partners to Acquire All Common Units at $50 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: Businesswire
- Exercise of Purchase Rights: The General Partner of Steel Partners has assigned the right to acquire all outstanding common units not held by it or its affiliates to its subsidiary, Steel Excel, Inc., with the transaction expected to close on January 16, 2026, indicating a strategic move towards optimizing the capital structure.
- Cash Purchase Price: The common units will be acquired at a price of $50 each, in accordance with the terms set forth in the Eleventh Amended and Restated Agreement of Limited Partnership, which is expected to provide liquidity options for existing unit holders and enhance investor confidence.
- Payment Agent Arrangement: Equiniti Trust Company, LLC will act as the paying agent for this transaction, ensuring a smooth execution process and reflecting the company's professionalism and transparency in transaction management.
- Forward-Looking Statements: The company's forward-looking statements indicate optimism regarding the timing and completion of the acquisition despite risks associated with market condition changes and potential delays, aiming to enhance overall financial flexibility.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
