GREENVILLE, S.C. (Nov. 23, 12:30 p.m. ET) — Steel Partners Holdings LP has agreed to further delay its request for consent to a proposed takeover of JPS Industries Inc. until Dec. 13.
The two companies first announced Oct. 17 that that they had agreed that Steel Partners would stop its consent solicitation for a takeover.
JPS Industries has a committee of independent directors which is evaluating strategic alternatives with the aim of maximizing value for its stockholders, which is still active.
Steel Partner, a diversified holding company based in New York, announced Sept. 21 that it was interested in buying Greenville-based JPS Industries.
JPS Industries makes extruded urethanes product under the name Stevens Urethane, as well as ethylene vinyl acetate film and sheet, and mechanically formed glass and aramid substrate materials for specialty applications in many markets requiring highly engineered components.