Star Equity signs deal to buy Harte Hanks for $5 a share
STRR•Star Equity to acquire Harte Hanks
Star Equity Holdings agreed to acquire Harte Hanks in a deal valuing the target at $5 per share.
Equity value totals about $38.4 million, based on roughly 7,680,000 fully diluted shares outstanding.
Deal structure and closing timeline
Consideration mixes cash and Star 10% Series A Cumulative Perpetual Preferred Stock, with cash capped at about $19.2 million.
Harte Hanks holders can elect cash or preferred stock, subject to proration; no Star common stock will be issued.
Closing is expected before year-end 2026; Harte Hanks would operate under its brand within Star’s Business Services division.
