SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
January 23, 1998
____________________________________________________
Date of Report (Date of Earliest Event Reported)
Handy & Harman
____________________________________________________
(Exact Name of Registrant as Specified in Charter)
New York 1-5365 13-5129420
____________________________ ________________ ____________________
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
250 Park Avenue
New York, New York 10177
_____________________________________________________
(Address of Principal Executive Offices and Zip Code)
(212) 661-2400
____________________________________________________
(Registrant's Telephone Number, Including Area Code)
N/A
_____________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On January 23, 1998, Handy & Harman issued a press release, a copy
of which is attached as Exhibit 99.1 hereto and is incorporated by
reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
99.1 Press Release issued by Handy & Harman on
January 23, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: January 23, 1998
HANDY & HARMAN
By: /s/ Paul E. Dixon
--------------------------------
Paul E. Dixon
Senior Vice President, General
Counsel and Secretary
Exhibit Index
Exhibit Description
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99.1 Press Release issued by Handy & Harman on January 23, 1998.
Exhibit 99.1
Contact: Frank E. Grzelecki Adam Weiner or Thomas M. Daly
of Handy & Harman Kekst and Company
(914) 925-4420 (212) 521-4800
FOR IMMEDIATE RELEASE
HANDY & HARMAN TO
EXPLORE STRATEGIC ALTERNATIVES
NEW YORK, NY, JANUARY 23, 1998 -- Handy & Harman (NYSE: HNH) announced
today that its Board of Directors has instructed management, with the
assistance of Goldman, Sachs & Co., Handy & Harman's financial advisor,
to explore all strategic alternatives to enhance shareholder value.
Such alternatives could include, among others, transactions with third
parties involving all or a material part of Handy & Harman. There can
be no assurance that any transaction will be consummated.
The Board's decision reflects the Company's continuing commitment to
act in the best interests of all Handy & Harman shareholders. While
the Board has not reached a definitive decision to sell Handy & Harman
or to merge Handy & Harman with any other company, the Company has
received a number of inquiries from interested parties and has
determined that it would be prudent at this time to explore all
alternatives which could enhance shareholder value.
Handy & Harman is a diversified industrial manufacturing company with
operations in materials engineering and specialty manufacturing. Handy
& Harman's products include electronic components, specialty fasteners,
engineered materials, specialty wire and tubing and fabricated precious
metals. Handy & Harman was founded in 1867 and is headquartered in New
York.
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