WebFinancial Corp Stockholders Approve Merger into WebFinancial L.P. — Completes Conversion from a Corporation to a Limited Partnership and Business Combination with Steel Partners II, L.P.
WebFinancial Corporation announced that it has completed through a merger transaction its conversion into a publicly traded limited partnership. Additionally, WebFinancial L.P., the successor to WebFinancial Corporation, today announced the completion of an exchange agreement (the “Exchange”) under which Steel Partners II Master Fund L.P. will transfer effective January 1, 2009 to WebFinancial L.P. its [...]