We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Houghton Mifflin Harcourt Company (“Houghton Mifflin” or the “Company”) (NASDAQ: HMHC), in connection with the proposed acquisition of the Company by affiliates of Veritas Capital (“Veritas”) via a tender offer. Under the terms of the acquisition agreement, the Company’s shareholders will receive $21.00 in cash for each share of Houghton Mifflin common stock that they hold.
WeissLaw LLP is investigating whether (i) Houghton Mifflin’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $21.00 per-share offer price adequately compensates Houghton Mifflin’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.