Star Equity agrees to buy Harte Hanks for USD 5 a share
HHS•Star Equity to acquire Harte Hanks
Star Equity entered a deal to buy Harte Hanks for USD 5 per share, valuing the equity at USD 38.4 million.
The consideration mix is set at 50% cash and 50% Star Equity 10% Series A Cumulative Perpetual Preferred Stock (STRRP).
Shareholder elections and closing terms
Shareholders can elect cash up to an aggregate cap of about USD 19.2 million, or 0.5 STRRP shares per Harte Hanks share.
The agreement includes a 30-day go-shop running through Sept. 13, 2026. Closing is targeted in 60 to 90 days, subject to Harte Hanks shareholder approval, financing availability and other customary conditions.
