Star Equity to merge with Hudson Global.

Star Equity Holdings, a diversified holding company operating across building, energy, and investment sectors, agreed to merge with Hudson Global, a company specializing in recruitment outsourcing and total talent solutions. Financial terms were not disclosed. “Since Star converted to its holding company structure in 2019, our goal has been to acquire attractive businesses, either to complement our existing platforms, or to establish new growth platforms. While we have completed and continue to work on various M&A initiatives, this transaction is transformative for Star. Star’s shareholders will benefit from the combined company's greater scale, profitability, and stock trading liquidity, as well as the financial advantages of increased market capitalization, and the utilization of Hudson’s sizable NOL,” Rick Coleman, Star Equity Holdings CEO.