Major shareholder puts API in shop window

US holding company Steel Partners has tired of being a large minority stake holder in API Holdings and has written to the UK packaging and holograms supplier suggesting it put itself up for sale.

US holding company Steel Partners has tired of being a large minority stake holder in API Holdings and has written to the UK packaging and holograms supplier suggesting it put itself up for sale.

The way Steel Partners sees it the market price of API Group does not reflect the intrinsic value of the firm. The stock market valuation of API is just over £32m, and Steel Partner's 32.4% stake is therefore worth around £10.4m.

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