Star Equity issues statement regarding GEE’s lack of engagement

Star Equity (STRR), a 5.4% stockholder of GEE Group (JOB) via its Investments Division, makes public a letter sent to GEE Group suggesting the two companies begin discussions on a potential merger, subject to executing an NDA and further due diligence. Thus far, the Proposal has received no response from GEE Group despite repeated outreach through multiple delivery methods. Rationale of proposal: “We believe strongly that becoming part of a larger entity is the best way to increase value for GEE Group’s long-suffering stockholders… JOB’s Stock Price Level Signals Market Concern over Financial Performance, Capital Allocation, and Cash Management… Star Equity’s Proposal Would Significantly Benefit JOB Stockholders.”