Star Equity Holdings Enters Into Merger Agreement To Acquire Harte Hanks - HHS News | RalliesStar Equity Holdings Enters Into Merger Agreement To Acquire Harte Hanks
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HHS• Merger agreement and valuation
- Star Equity Holdings enters into merger agreement to acquire Harte Hanks.
- The merger values Harte Hanks at $5 per share, or $38.40 million in equity value.
Expected synergies and consideration mix
- Harte Hanks estimates $10 million in annualized run-rate cost synergies.
- Up to 50% of the merger consideration is to be paid in cash, with the balance in Star preferred stock.
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