San Diego, CA -- (SBWIRE) -- 06/17/2015 -- An investigation for investors, who currently hold JPST shares, was announced concerning whether the takeover of JPS Industries, Inc.. by Handy & Harman Ltd for $11.00 per share is unfair to JPS Industries stockholders.

Investors who purchased shares of JPS Industries, Inc. (OTCMKTS:JPST) and currently hold any of those OTCMKTS:JPST shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of JPS Industries, Inc. breached their fiduciary duties owed to OTCMKTS:JPST investors in connection with the proposed acquisition.

On June 01, 2015, Handy & Harman Ltd. and JPS Industries, Inc. (OTCMKTS:JPST) announced that they have entered into a merger agreement pursuant to which Handy & Harman Ltd will acquire JPS Industries, Inc. Under the terms of the merger agreement, all stockholders of JPS Industries, Inc. (OTCMKTS:JPST) (other than HNH and its affiliates) will receive $11.00 per share in cash for each share of JPS Industries, Inc. they own at the effective time of the merger. Consummation of the transaction is subject to approval by a majority of all the outstanding shares of JPS Industries, Inc. and a majority of JPS Industries' outstanding shares not owned by Handy & Harman Ltd, its affiliates or any of their respective representatives, and is also subject to other customary closing conditions.

However, the investigation concerns whether the offer is unfair to OTCMKTS:JPST stockholders. More specifically, the investigation concerns whether the JPS Industries Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

JPS Industries, Inc. reported that its Total Revenue rose from $158.31 million for the 12 months period that ended on October 27, 2012 to $162.84 million for the 12 months period that ended on November 1, 2014 and that its respective Net Income increased from $1.27 million to $5.54 million.

On June 16, 2015, OTCMKTS:JPST shares closed at $10.92 per share

Those who are current investors in JPS Industries, Inc. (OTCMKTS:JPST) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com