Bernstein Liebhard LLP Investigates Claims On Behalf Of Minority Shareholders Of Steel Excel Inc.

NEW YORK, Dec. 9, 2016 /PRNewswire-USNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Steel Excel Inc. ("Steel Excel" or the "Company") (NASDAQ: SXCL) breached their fiduciary duties to the Company's minority shareholders.

Steel Partners Holdings L.P. ("Steel Partners") (NYSE: SPLP) currently owns about 64% of Steel Excel.  On December 7, 2016, Steel Partners announced that it had reached an agreement (the "Agreement") with Steel Excel to commence an exchange offer to acquire all of the outstanding shares of Steel Excel's common stock not owned by Steel Partners or any of its affiliated entities for $17.80 per share in preferred units of Steel Partners.  Steel Excel's Board of Directors has approved the Agreement.

If you are interested in discussing your rights as a Steel Excel minority shareholder, and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients.  The Firm has been named to the National Law Journal's "Plaintiffs' Hot List" thirteen times. 

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2016 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com

Logo - http://photos.prnewswire.com/prnh/20120202/MM47134LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bernstein-liebhard-llp-investigates-claims-on-behalf-of-minority-shareholders-of-steel-excel-inc-300376057.html

SOURCE Bernstein Liebhard LLP