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Sale to HarperCollins
On March 29, 2021, The Wall Street Journal reported that HarperCollins, a division of American mass media and publishing company News Corp, had reached a deal to buy HMH Books & Media for US$349 million. The sale includes HMH's trade publishing division and computer game franchises such as Carmen Sandiego and The Oregon Trail. The deal would allow HMH to pay down its debt so it could further its digital-first strategy in educational publishing.[64] The deal was completed on May 10.[65]
Acquisition by Veritas Capital
On February 22, 2022, a tender offer was announced by Veritas Capital to acquire HMH at a price of $21 per share, or about $2.8 Billion.[66] The tender deadline was originally April 1st, before being extended to April 6th on March 29th.[67] Prior to the tender date, the stock generated a lot of hype on internet forum WallStreetBets, with over 36,000 contracts traded for the June 17th $22.5 strike price call options.[68] Many investors purchased call options based on numerous reports from institutional investors with large stakes in the company, claiming that the $21 per share offer was undervaluing the company.[69] On April 6th, 57% of $HMHC shares were put up for tender, leading to the tender offer going through and HMH going private.[70] Once the sale was completed, the stock of Houghton Mifflin Harcourt was delisted from Nasdaq.
https://en.wikipedia.org/wiki/Houghton_Mifflin_Harcourt |
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发表于 2022-5-28 19:37:39
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