Star Equity to Acquire Harte Hanks for $38.4 Million in Cash and Stock Deal

Key Facts

In a move aimed at expanding its business services platform and enhancing revenue diversity, Star Equity Holdings has entered into a definitive agreement to acquire Harte Hanks. Under the terms of the deal, Harte Hanks shareholders will receive $5.00 per share, valuing the company’s equity at approximately $38.4 million. According to reports, the consideration will be paid as 50% cash and 50% in Star Equity 10% preferred stock.

The offer price represents a significant premium of approximately 100% over Harte Hanks' unaffected share price prior to the announcement. Star Equity intends for the acquisition to drive cost synergies and earnings accretion, leveraging $215 million in usable tax assets (NOLs) held by Star Equity as of late 2025. This acquisition is viewed as a strategic expansion within the business services sector, despite the relatively small deal size.

As of August 14, 2026, updated closing prices for the involved instruments were unavailable in the database. However, market participants are monitoring the deal's impact alongside broader economic catalysts. Recent data from August 12, 2026, showed the U.S. annual inflation rate at 3.4%, a factor that continues to influence general market sentiment regarding mergers and acquisitions in the services industry.