Star Equity Holdings to Acquire Harte Hanks for $5.00 Per Share

Star Equity Holdings, Inc. entered into a definitive merger agreement to acquire Harte Hanks, Inc. for $5.00 per share (about $38.4 million equity value). Consideration is split between cash and Star’s 10% Series A Cumulative Perpetual Preferred Stock, and Harte Hanks will continue operating under its brand within Star’s Business Services division.