Handy & Harman Ltd. (“HNH”), a diversified global industrial company, announced today that it has successfully completed its tender offer, through a wholly owned subsidiary, to purchase all of the outstanding shares of SL Industries, Inc. (“SLI”), a leading manufacturer of high-performance power solutions, for $40.00 per share in cash.

The tender offer expired at 5:00 p.m., New York City time, on May 31, 2016. As of the expiration, 3,358,701 shares had been validly tendered and not validly withdrawn, representing approximately 84.6% of SLI's outstanding shares of common stock and approximately 79.3% of SLI's outstanding shares of common stock not owned by HNH or any of its affiliates. The conditions to the tender offer were satisfied, and HNH has accepted for payment and will promptly pay the depositary for all validly tendered shares.

HNH expects to complete the acquisition of SLI later today through a merger without a vote or meeting of SLI's stockholders, pursuant to Section 251(h) of the General Corporation Law of the State of Delaware. Each of the remaining shares of SLI common stock not purchased in the tender offer will be converted into the right to receive the same $40.00 in cash that will be paid in the tender offer. Upon completion of the merger, SLI will become an indirect wholly owned subsidiary of HNH. SLI's common stock will no longer be listed on the NYSE MKT.

American Stock Transfer & Trust Company, LLC is acting as depositary for the tender offer.