BakerHostetler provided legal counsel to Star Equity Holdings (Nasdaq: STRR; STRRP) in its entering into a merger agreement to acquire Harte Hanks (Nasdaq: HHS), a global customer experience and business process outsourcing company. Closing is subject to the affirmative vote of Harte Hanks stockholders at a special meeting to be held later this year, the effectiveness of a registration statement on Form S-4 registering the Star preferred stock to be issued as Merger consideration, and other closing conditions.
The acquisition positions Harte Hanks alongside Star’s Hudson Talent Solutions business within Star’s Business Services division, creating a multi-BPO platform serving blue-chip clients across talent solutions, customer care, marketing, sales and fulfillment and logistics.
The transaction values Harte Hanks at approximately $38.4 million.
The BakerHostetler deal team was led by Partner Adam Finerman and included Counsel Jennifer Dare and Associate Macy Hawkins. Additional advice was provided by Partners Elizabeth Smith, Lee Rosebush, Kyle Gregory and Stefan Smith; Counsels Erika Vela and Kristina Ramsey; and Associate Nolan McKeever.
Read the release from Star Equity Holdings.
Read The Texas Lawbook article. (subscription required)
