Steel Partners

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SACRAMENTO, Calif., June 30 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: GY) today reported results for the second quarter ended May 31, 2008. Sales for the second quarter of 2008 totaled $194.7 million compared to $192.3 million for the second quarter of 2007. During the second quarter of 2008, sales included proceeds from the sale of 400 acres of the Rio Del Oro property to Elliott Homes Inc. for $10 million in cash. Sales for the first half of 2008 were $371.3 million compared to $343.1 million for the first half of 2007. Net income for the second quarter of 2008 was $6.9 million, or $0.12 diluted earnings per share, including a $12.7 million charge as a result of the second amended and restated shareholder agreement (Shareholder Agreement) with Steel Partners II L.P. with respect to the election of Directors at the 2008 Annual Meeting and other related matters, details of ...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- WHX Corporation (Pink Sheets: WXCP) ("WHX" or the "Company") announced today that it has set a subscription price of $1.40 per share of its common stock, par value $0.01, for up to an aggregate purchase price of approximately $200 million, for its upcoming rights offering. The subscription price represents a discount of approximately 23% from $1.81, the average of the closing prices of its common stock over the 60 trading day period ending June 27, 2008. The rights offering will be made through the distribution of non-transferable subscription rights such that each subscription right will entitle the holder to purchase 14.2850 shares of our common stock for up to an aggregate of 142,857,114 shares of the Company's common stock. The Company intends to use the proceeds of the rights offering to (i) make partial payments to certain senior ...

TOKYO--(BUSINESS WIRE)-- Steel Partners Japan Strategic Fund (Offshore), L.P. ("Steel Partners") today issued the following statement regarding the nomination by Aderans Holdings Co., Ltd. (TOKYO: 8170) (the "Company") of the slate of candidates for election to the Company's Board of Directors and the Company's decision to engage Nikko Citigroup Limited to evaluate strategic alternatives for the Company. "We welcome and applaud these important steps by Aderans ...