Steel Partners Holdings LP has taken a decision to delay further its pending request for consent to a proposed takeover of JPS Industries Inc. until Dec. 13.
The two firms announced Oct. 17 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 currently evaluating strategic alternatives with the aim of maximizing value for its stockholders, which is still active.
Steel Partner, a diversified holding venture, situated in New York, announced Sept. 21 that it was interested in buying Greenville-based JPS Industries.
JPS Industries makes extruded urethanes products 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.
