HANDY & HARMAN
SC 13E4/A, 1996-12-02
ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS
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                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

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                               SCHEDULE 13E-4
                              Amendment No. 3
                             (Final Amendment)
                       Issuer Tender Offer Statement
   (Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)

                    ------------------------------------

                               HANDY & HARMAN
                              (Name of issuer)

                               HANDY & HARMAN
                    (Name of person(s) filing statement)

                    ------------------------------------

                  Common Stock, par value $1.00 per share
                             and the associated
                        Common Stock Purchase Rights
                       (Title of class of securities)
                                 410306104
                   (CUSIP number of class of securities)

                       Paul E. Dixon, Vice President,
                       General Counsel and Secretary
                               Handy & Harman
                              250 Park Avenue
                          New York, New York 10177
                               (212) 661-2400
        (Name, address and telephone number of person authorized to
              receive notices and communications on behalf of
                      the person(s) filing statement)

                    ------------------------------------

                                  Copy to:

                              Milton G. Strom
                    Skadden, Arps, Slate, Meagher & Flom
                              919 Third Avenue
                          New York, New York 10022
                               (212) 735-3000


           Handy & Harman, a New York corporation (the "Company"), hereby
amends and supplements its Issuer Tender Offer Statement on Schedule 13E-4
(the "Statement") filed with the Securities and Exchange Commission on
October 24, 1996 relating its offer to purchase up to 1,800,000 shares of
its common stock, par value $1.00 per share, and the associated common
stock purchase rights (the "Rights", and collectively with shares of common
stock, the "Shares"), at prices, net to the seller in cash, not greater
than $20.00 nor less than $17.50 per Share, upon the terms and subject to
the conditions set forth in the Offer to Purchase, dated October 24, 1996
(the "Offer to Purchase"), and the related Letter of Transmittal (which, as
they may be amended from time to time, are herein collectively referred to
as the "Offer").


ITEM 9.   MATERIAL TO BE FILED AS EXHIBITS.

          (a)(15)    Form of press release, issued by the Company
                     on December 2, 1996, announcing the final
                     proration factor for the Offer.


                                 SIGNATURE

           After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.

                               HANDY & HARMAN


                               By:  /s/ Paul E. Dixon
                               Name:  Paul E. Dixon
                               Title: Vice President, General Counsel
                                        and Secretary

Dated: December 2, 1996

                             INDEX TO EXHIBITS

EXHIBIT NO.         DESCRIPTION


(a)(15)    Form of press release, issued by the Company on
           December 2, 1996, announcing the final proration
           factor for the Offer.






FROM:                                ON BEHALF OF:

Robert W. Bloch International        Handy & Harman
30 East 60th Street
New York, NY 10022                   Contact: Stephen B. Mudd
212-755-8047                         Vice President and Treasurer
                                     212-309-0666

FOR IMMEDIATE RELEASE:

          HANDY & HARMAN ANNOUNCES FINAL RESULTS OF ITS
                "DUTCH AUCTION" SELF-TENDER OFFER


     New York, NY -- December 2, 1996. Handy & Harman (NYSE: HNH)
     announced today that, in accordance with the final results of its
     Dutch auction self-tender offer which expired on November 21,
     1996 at 12:00 midnight, New York City time, the Company will
     purchase 1,800,000 shares of its stock at a price of $18.75 per
     share. The final proration factor for the tender offer is 45.48%.
     The Company had announced the preliminary results of the offer on
     November 22, 1996.

     The depositary for the offer will promptly issue payment for the
     shares accepted under the offer and return all shares not
     accepted. The shares purchased represent approximately 13% of the
     13.8 million shares outstanding immediately prior to the offer.

     The Company announced its offer to purchase up to 1.8 million
     shares of its common stock (or approximately 13.0% of its then
     outstanding shares) at a price range of $17.50 to $20.00 on
     October 22, 1996 and commenced the tender offer on October 24,
     1996.

     Handy & Harman is a diversified manufacturer providing engineered
     products, system components and precious metal fabrication for
     industry worldwide. Founded in 1867, the Company is headquartered
     in New York.


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