Hudson Global and Star Equity to Merge, Seek Size and Net Operating Loss Benefits

Dow Jones

May 22, 2025

By Josh Beckerman

Hudson Global, whose services include recruitment outsourcing and contingent-workforce management, agreed to combine with holding company Star Equity Holdings in a stock-for-stock deal.

Hudson will issue 0.23 of a share for each Star share. In after-hours trading, Star shares rose 24% to $2.70.

Star's three divisions are building solutions, energy services and investments.

Hudson and Star said the deal will create a larger company on a better path to eventually joining the Russell 2000 index and will leverage corporate overhead and public company costs.

Star Chief Executive Rick Coleman said the merged company will benefit from utilization of net operating loss carryforwards. Hudson previously said it had $240 million of usable net operating losses as of Dec. 31.

In August, Star adopted a rights agreement to preserve the value of its net operating loss carryforwards and other tax benefits. As of Dec. 31, Star had $44.6 million of federal and $17.6 million of state NOLs.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 21, 2025 18:04 ET (22:04 GMT)

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As of Dec. 31, Star had $44.6 million of federal and $17.6 million of state NOLs. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2025 18:04 ET (22:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STRR","symbol_name":"Star Equity Holdings","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537952571","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537952571","pubTimestamp":1747865040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Hudson Global, whose services include recruitment outsourcing and contingent-workforce management, agreed to combine with holding company Star Equity Holdings in a stock-for-stock deal.Hudson will issue 0.23 of a share for each Star share. 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As of Dec. 31, Star had $44.6 million of federal and $17.6 million of state NOLs. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2025 18:04 ET (22:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}