It looks as though Steel Partners is rejoining the increasingly busy activist investing space.
After a few years of remaining quiet, Steel filed a 13D today with ModusLink (Ticker: MLNK) through a Company they control - Handy & Harman (Ticker: HNH). While the filing doesn't say much, it did disclose that they have been aggressively purchasing the stock since early August - just after Peerless Systems (Ticker: PRLS) announced that they have nominated two directors to the board for election at the next annual meeting (which is expected to take place in December).
Here is some background on the ongoing activist situation at MLNK.
Here is a link to Steel's 13D filing today.