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Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:16 EDTHMHCHoughton Mifflin sees FY14 total net sales to increase by 5%-8% vs. last year
The company said, "The company will provide annual guidance on revenues, pre-publication costs or content development and addressable market size. In FY14, HMH expects to improve net sales, driven primarily by the company’s education segment due to the improving adoption and open territory markets. As a result of this improvement, the company expects total net sales in FY14 to increase by 5%-8% over FY13 revenues of $1.379M. Additionally, expected pre-publication costs or content development spend for FY14 will be approximately $100M-$120M. HMH’s addressable market, the market where it primarily sells its instructional resources for grades K through 12, is expected to grow 13% to $2.9B in FY14 from $2.5B in FY13."
News For HMHC From The Last 14 Days
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May 14, 2015
22:09 EDTHMHCHoughton Mifflin 10.573M share Secondary priced at $23.00
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May 13, 2015
07:14 EDTHMHCHoughton Mifflin to repurchase $150M in common stock from selling stockholders
Houghton Mifflin Harcourt announced the launch of a secondary offering of 10,575,300 shares of its common stock. The shares are being offered solely by certain existing stockholders of the company affiliated with Paulson & Co. Inc. and the company will not receive any of the proceeds of the offering. The selling stockholders expect to grant the underwriters an option to purchase up to an additional 1,586,295 shares to sell in the offering. In addition, in a privately negotiated transaction, the Company entered into an agreement to repurchase $150M in common stock from the selling stockholders affiliated with Paulson & Co. Inc. at a purchase price per share equal to the public offering price. The shares expected to be repurchased pursuant to this agreement are separate from the shares expected to be sold in the aforementioned public offering. The obligation for the company to consummate the stock repurchase is conditioned upon the closing of the public offering and the sale of at least 10,575,300 shares of common stock by the selling stockholders in the public offering.
07:13 EDTHMHCHoughton Mifflin files to sell 10.6M shares for Paulson & Co
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