Mergers & Acquisitions · GlobeNewswire

Star Equity Proposes Stock-for-Stock Acquisition of GEE Group for $0.30 Per Share

STRRPStar Equity Holdings, Inc.

Star Equity Holdings presented a non-binding indication of interest to acquire 100% of GEE Group's outstanding common stock for $0.30 per share, payable via Star’s publicly listed 10% Series A Cumulative Perpetual Preferred Stock (Nasdaq: STRRP) valued at its $10.00 liquidation preference. The offer represents a premium over recent trading prices and aims to reduce public company overhead costs. Star Equity Holdings is a diversified holding company operating in building solutions, business services, energy services, and investments.