Transaction Represents an Approximately 100% Premium to Harte Hanks' Unaffected Share PriceHarte Hanks Shareholders to Receive 50% Cash and 50% in Star Equity 10% Preferred Stock CHELMSFORD, MA / ACCESS

Star Equity to acquire Harte Hanks for $68.2 million. * August 14, 2026 Harte Hanks, Inc. (HHS) entered into a merger agreement on August 14, 2026, to be acquired by Star Equity Holdings, Inc. (STRR) in a deal valued at $68.2 million. Deal structure: Harte Hanks shareholders may elect to receive either $5 in cash per share, representing a premium of 77.94% from the stock's last close. The cash consideration is subject to a cap equal to 50% of the total transaction consideration, or about $19.2 million. Or the shareholders may elect to receive 0.50 shares of Star Equity's 10% Series A Cumulative Perpetual Preferred Stock (STRRP) for each Harte Hanks share, based on its $10 per-share liquidation preference. Company profile: Harte Hanks is a customer experience and marketing services company that provides data analytics, marketing, customer care, fulfillment, and logistics solutions. It serves B2B and consumer-focused clients across sectors including financial services, retail, healthcare, and other industries. Star Equity is a diversified holding company with businesses in building solutions, recruitment and staffing, energy services, and investments. It manufactures building products, provides workforce solutions, supplies drilling equipment, and manages real estate and investments. Deal timeline and advisors: The merger agreement provides for a 30-day go-shop period, during which Harte Hanks and its advisers may actively solicit, evaluate, and negotiate alternative acquisition proposals. The go-shop period expires on September 13, 2026. The deal is expected to close within roughly 60 to 90 days. Citizens Capital Markets & Advisory and Oaklins DeSilva + Phillips have been selected as Harte Hanks' financial advisors, while Baker Botts will serve as the company's legal advisor. Star Equity is paying 9.31 times EBITDA for Harte Hanks. Deal Metrics: The Deal Metrics page provides comprehensive data about each merger or acquisition, including: * A historical spread chart of the merger from the announcement date to completion or termination. * A timeline of events as the merger progresses through various stages - HSR period expiration, regulatory approvals, shareholder votes, and more. * Access to news and SEC filings related to the deal. * A log of deal updates. * And much more. Disclaimer: This article is intended for informational purposes only. Please conduct your own due diligence before buying or selling any securities mentioned in this article. Inside Arbitrage, LLC do not guarantee the completeness or accuracy of the content or data provided in this article. Editor's Note: Baranjot Kaur contributed to this article

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