# Steel Partners to acquire remaining Steel Connect stock for $1.35 per share

Steel Partners Holdings has signed a definitive merger agreement to acquire the remaining common stock of Steel Connect for $1.35 per share in cash plus a contingent value right. The merger is expected to close in the second half of 2022, making Steel Connect a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2022-06-14
- Where: United States
- Status: announced

## Companies

- [Steel Partners Holdings](https://endata.com/companies/3051.md) (acquirer)
- [Steel Connect](https://endata.com/companies/63444.md) (target)

## Sources

- [steel-technology.com](https://www.steel-technology.com/pressreleases/steel-partners-and-steel-connect-enter-into-definitive-merger-agreement), 2022-06-14: "Steel Partners Holdings L.P. a diversified global holding company and Steel Connect, Inc. today announced that they have signed a definitive merger agreement pursuant to which Steel Partners will acquire the remaining common stock of Steel Connect."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.