Veritas Capital Agrees To Acquire Houghton Mifflin Harcourt For ~$2.8B

by Shivani Kumaresan, Benzinga Staff Writer

February 22, 2022 7:36 AM | 1 min read |

Houghton Mifflin Harcourt Co HMHC has agreed to be acquired by certain affiliates of private investment firm Veritas Capital for an equity value of about $2.8 billion.
Houghton shareholders will receive $21 in cash per share, representing a 36% premium to the company's unaffected share price as of January 13, 2022. Recently, there were reports that the company was exploring a potential sale.
The company said it held discussions with several potential strategic and financial bidders, including Veritas, through a formal process.
The transaction is expected to be completed in the second quarter of 2022.
The company will release its Q4 2021 results before the market opens on Thursday, February 24, 2022.
Price Action: HMHC shares are trading higher by 15% at $20.83 in premarket on the last check Tuesday.

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