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Steel Excel is an Attractive Special Situation – SXCL

Shares of Steel Excel are trading well below the value of the merger consideration they will receive when the company is taken over by its majority owner, Steel Partners LP. On December 7, Steel Partners announced an agreement to acquire the 36% of Steel Excel that it does not own in return for preferred units of Steel Partners LP. The units would carry a 6.0% coupon and mature in nine years. Steel Excel shareholders would receive...

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Report: Samsung Wireless Earbuds Launching with Galaxy S8

Smartphone manufacturers are starting to remove the 3.5mm headphone jack from their devices, forcing you to use an adapter or purchase a new pair of Bluetooth listening devices. This trend has not found favor with general consumers, but manufacturers seem to be moving forward with the idea and designing their devices without the benefit of the plug. The Moto Z measuring in at a mere 5.2mm is physically too small to safely include the...