Committee studies JPS takeover bid: Steel Partners submits unsolicited proposal to acquire company

摘要

GREENVILLE, S.C.—JPS Industries Inc. has formed a special committee of three outside independent directors to evaluate an unsolicited takeover proposal from Steel Partners Holdings L.P. JPS, which makes extruded poly-urethane products under the name Stevens Urethane, said its board formed the committee to "expediently evaluate the proposal along with other strategic alternatives."