Aug 14 (Reuters) - Harte Hanks Inc ( HHS ):
* STAR EQUITY HOLDINGS ENTERS INTO MERGER AGREEMENT TO
ACQUIRE HARTE HANKS
* HARTE HANKS ( HHS ) - MERGER VALUES HARTE HANKS AT $5 PER SHARE,
$38.40 MILLION EQUITY VALUE
* HARTE HANKS ( HHS ) - ESTIMATES $10 MILLION ANNUALIZED RUN-RATE
COST SYNERGIES
* HARTE HANKS ( HHS ) - UP TO 50% OF MERGER CONSIDERATION TO BE PAID
IN CASH, BALANCE IN STAR PREFERRED STOCK
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