05:22 PM EDT, 05/21/2025 (MT Newswires) -- Hudson Global ( HSON ) and Star Equity ( STRR ) said late Wednesday they have struck an all-stock merger deal, with Hudson to be the surviving public entity.

Hudson will issue 0.23 of its stock for each Star share, the companies said. Star will merge into a Hudson subsidiary that will be owned by about 79% of Hudson shareholders and the rest by Star investors.

They said the merger would increase scale, diversify revenue streams, and leverage overhead and public company costs. They expect to close the deal in the second half of 2025.