NEW YORK, Feb. 22, 2022 (GLOBE NEWSWIRE) — 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.
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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.
If you own shares of HMH and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at mergers@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information: Bragar Eagel & Squire, P.C. Melissa Fortunato, Esq. Alexandra Raymond, Esq. mergers@bespc.comwww.bespc.com
Copyright 2022 GlobeNewswire, Inc.
Generally cloudy. A stray shower or thunderstorm is possible. High 77F. Winds SSW at 10 to 20 mph..
Thunderstorms early, overcast overnight with occasional rain. Potential for heavy rainfall. Low 44F. WSW winds shifting to NNW at 10 to 15 mph. Chance of rain 100%. Rainfall possibly over one inch.
Updated: February 22, 2022 @ 1:23 pm
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