M&A
confidence high
sentiment neutral
materiality 0.60
Harte Hanks go-shop expires; receives proposals, board reaffirms Star merger
HARTE HANKS INC
- Solicited 93 third parties during go-shop; received Acquisition Proposals but no Superior Proposal determined as of Sept 11, 2026.
- Board designated Exempted Parties and reaffirmed recommendation of Star merger; termination fee $1.152M if terminated for superior proposal.
- Merger consideration: $5.00 cash or 0.50 shares of Star 10% Series A Preferred per HHS share; aggregate cash capped at $19.2M.
- Star Merger Agreement remains in effect; no assurance any alternative transaction will result.