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 shares in a stock-for-stock transaction. The offer values the acquisition at $0.30 per share, paid via Star’s 10% Series A Cumulative Perpetual Preferred Stock (Nasdaq: STRRP) based on a $10.00 liquidation preference. This represents an approximate 33% premium over GEE Group's April 30, 2026 closing price of $0.2254 and a 40% premium above its January 21, 2026 price. Star currently holds approximately 5.4% of GEE Group. Star Equity Holdings is a diversified holding company operating in building solutions, business services, energy services, and investments.