Star Equity以3840万美元收购Harte Hanks

2026-08-14 22:17

Star Equity Holdings (STRR) has entered into a merger agreement to acquire Harte Hanks, Inc. (HHS) for around $38.4M in a cash-and-stock deal.
Up to 50% of the aggregate merger consideration will be paid in cash. It is expected to be funded with a mix of cash on hand and debt financing. Harte Hanks currently has in place a $25M credit facility.
The merged company will have FY 2025 pro-forma annual revenues of ~$384M and pro-forma adjusted EBITDA of ~$30M after estimated synergies of $10M. It will also have Star's $215M U.S. Federal net operating losses. Star will also assume the firm's defined benefit pension plan assets and liabilities at closing.
Following the effectiveness of the merger, Harte Hanks will continue to operate under the same brand. The agreement also provides for a 30-day go-shop period during which Harte Hanks may solicit and evaluate alternative acquisition proposals, subject to Star’s customary matching rights and a customary termination fee payable by either party in specified circumstances.
STRR +4.87% to $10.65.
HHS +56.94% to $4.41.
Source: Press Release

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