Mergers & Acquisitions ·
Harte Hanks, Inc. entered into a definitive merger agreement with Star Equity Holdings, Inc., under which Star will…
HHSHarte Hanks Inc
Harte Hanks, Inc. entered into a definitive merger agreement with Star Equity Holdings, Inc., under which Star will acquire all outstanding shares of Harte Hanks common stock for an aggregate equity value of $38.4 million. Shareholders may elect to receive $5.00 per share in cash or 0.50 shares of Star's 10% Series A Cumulative Perpetual Preferred Stock, subject to a maximum cash payout cap of $19.2 million. The Harte Hanks Board unanimously recommends the transaction, which includes a 30-day go-shop period expiring September 13, 2026. Closing is expected within 60 to 90 days, pending shareholder approval and financing. Harte Hanks operates in the customer experience industry, providing marketing, data analytics, fulfillment, and logistics solutions.