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Houghton Mifflin Harcourt Company

Merger

  • Date:
  • 2/22/2022
  • Company Name:
  • Houghton Mifflin Harcourt Company
  • Stock Symbol:
  • HMHC
  • Company Name - Buyer:
  • Veritas Capital LLC
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 2/22/2022

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NEW YORK, February 22, 2022 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Houghton Mifflin Harcourt Company (NASDAQ: HMHC) (“HMH”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by affiliates of Veritas Capital.

On February 22, 2022, HMH announced that it had entered into an agreement to be acquired by Veritas in a deal worth approximately $2.8 billion.  Pursuant to the merger agreement, HMH shareholders will receive $21 in cash for each share of HMH common stock owned.  The deal is scheduled to close in the second quarter of 2022.

Bragar Eagel & Squire is concerned that HMH’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.  Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for HMH’s stockholders.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Houghton Mifflin Harcourt Company. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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