Baker Hostetler, Baker Botts, and Latham & Watkins advised on Star Equity Holdings’ acquisition of Harte Hanks.

Star Equity Holdings has entered into a merger agreement to acquire Harte Hanks, a global customer experience and business process outsourcing company, for $5 per share. The transaction represents an aggregate equity value of approximately $38.4 million and an approximately 100% premium to Harte Hanks’ unaffected share price. Consideration will comprise cash and Star Equity’s publicly traded 10% Series A Cumulative Perpetual Preferred Stock.

The transaction is expected to close before the end of 2026, subject to Harte Hanks shareholder approval, financing availability and other customary closing conditions.

Baker Hostetler is serving as legal adviser to Star Equity Holdings on the transaction.

Baker Botts advised Harte Hanks in connection with the acquisition.

The Corporate team comprised Partners Travis Wofford and Carina Antweil; Special Counsel Natasha Gandhi; Senior Associates Charlie Gili and Rob Cowan; and Associate Brendan Waller.

The Tax team comprised Partner Jordan Hahn and Associates Tim Painter and Meaghan Christner. The Finance team included Partner Alex Kamel and Special Counsel Josh Espinosa.

The Executive Benefits and Compensation team included Partner Ron Aizen and Associate Alira Thomas. Partner Michael Silliman advised on Intellectual Property.

The Regulatory team comprised Special Counsel Michael Bodosky and Liz Singleton, Partner Matthew Baker and Associate Justin Bryant.

Managing Partner Danny David also provided advisory support.

Latham & Watkins represented Citizens Capital Markets & Advisory, which served as financial adviser to Harte Hanks.

The corporate team was led by Partner Steven Stokdyk, with Associate Lauren Richardson.