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Slide #21. OpenGate Capital — PennySaver
OpenGate Capital, LLC, a global private buyout firm, announced today that it has signed an agreement with Harte-Hanks, Inc., (NYSE:HHS) to acquire the assets comprising PennySaver including Harte-Hanks Shoppers and PennySaverUSA.com. The PennySaver business provides print and digital, hyper-local, marketing and advertising services to California-based and nationwide customers. Harte-Hanks, Inc., the direct and targeted marketing company, is divesting PennySaver to focus on its core business in digital marketing analytics. The transaction is expected to close before September 30, 2013 and, when complete, the acquired business will operate as PennySaver USA, LLC.
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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