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Hudson Highland Group Announces Completion of Common Stock Offering

Hudson Highland Group Announces Completion of Common Stock Offering

Hudson Highland Group, Inc. has announced that it successfully completed its previously disclosed public offering of 4,830,000 shares of common stock at $4.35 per share to the public. The number of shares included the sale of 630,000 shares pursuant to the exercise of the underwriter's over-allotment option.

Hudson Highland Group received approximately $19.3 million in proceeds from the offering after deducting underwriting discounts and commissions and estimated expenses of the offering. The company expects to use the net proceeds from the offering for general corporate and working capital purposes.

Robert W. Baird & Co. acted as the sole underwriter for the offering.

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