On February 22, 2022, Houghton Mifflin Harcourt Company (HMH), a learning technology company, announced that it has entered into a definitive merger agreement with certain affiliates of Veritas Capital, a leading private investment firm, for the acquisition of the company.
Pursuant to the terms of the agreement, HMH shareholders will be entitled to receive $21 in cash per share through a tender offer, implying an equity value of approximately $2.8 billion. The transaction is expected to be completed in the second quarter of 2022, subject to regulatory approvals and customary closing conditions.
The WilmerHale team advising Houghton Mifflin Harcourt is led by Susan Murley, Hal Leibowitz and Joseph Conahan, and includes Jonathan Wolfman, Justin Ochs, Scott Kilgore, Julie Hogan Rodgers, Ciara Baker, JC Minko, Nathan Moore, Hilary Baker-Jennings and Chia-Chen Lee, as well as Douglas Burton, Paul Jakubowski, Jeff Johnson, Kirk Nahra, David Gold, Brett Jackson, Jana Douglas, Benjamin Kelsey, and Gavin Tullis.