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Star Equity Holdings, Inc. Declares a Partial Cash Dividend of $0.225 Per Share of 10% Series A Cumulative Perpetual Preferred Stock
GlobeNewswire News Room· 2025-08-08 21:15
Core Points - Star Equity Holdings, Inc. declared a partial cash dividend of $0.225 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of August 21, 2025, and a payment date of September 10, 2025 [1] - A merger agreement has been established between Hudson Global, Inc. and Star Equity Holdings, where Star stockholders will receive 0.23 shares of Hudson common stock for each share of Star common stock and one share of Hudson 10.0% Series A Cumulative Perpetual Preferred Stock for each share of Star Preferred Stock [2] - The dividend will cover the period through August 21, 2025, with expectations for future dividends either from the company or from Hudson Preferred Stock post-merger [3] Company Overview - Star Equity Holdings, Inc. operates as a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [4] Business Divisions - The Building Solutions division includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5] - The Energy Services division focuses on the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [6] - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [7]
Star Equity Holdings, Inc. Declares a Partial Cash Dividend of $0.225 Per Share of 10% Series A Cumulative Perpetual Preferred Stock 
Globenewswire· 2025-08-08 21:15
Group 1: Dividend Announcement - Star Equity Holdings, Inc. declared a partial cash dividend of $0.225 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of August 21, 2025, and a payment date of September 10, 2025 [1][3] Group 2: Merger Agreement - On May 21, 2025, Star Equity Holdings entered into a Merger Agreement with Hudson Global, Inc., where Merger Sub will merge with Star, making Star a wholly owned subsidiary of Hudson [2] - Star stockholders will receive 0.23 shares of Hudson common stock for each share of Star common stock and one share of Hudson 10.0% Series A Cumulative Perpetual Preferred Stock for each share of Star Preferred Stock [2] Group 3: Company Overview - Star Equity Holdings, Inc. is a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [4] - The Building Solutions division includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5] - The Energy Services division focuses on the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [6] - The Investments division manages and finances the company's real estate assets and investment positions in private and public companies [7]