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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:19 EDTHMHC, SMTSMART Technologies, Houghton Mifflin announce software partnership
SMART Technologies (SMT) and Houghton Mifflin Harcourt (HMHC) have entered into a comprehensive working relationship to advance education through software, content and professional development offerings. The partnership will bring together HMH's research-based, globally recognized digital curriculum and SMART software through a standards-based approach, to provide teachers and students with the ability to seamlessly collaborate and learn in new and innovative ways.
News For SMT;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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16:16 EDTSMTSMART Technologies sees Q1 revenue $90M-$100M, consensus $129.5M
16:15 EDTSMTSMART Technologies reports Q4 EPS (5c), consensus (6c)
Reports Q4 GAAP revenue $99.6M, consensus $103.55M.
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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