Educational publisher Houghton Mifflin Company, US, and its parent, Education Media and Publishing Group Ltd., have announced that Houghton Mifflin has completed the acquisition of the Harcourt Education, Harcourt Trade and Greenwood-Heinemann divisions from Reed Elsevier.
The combination of Houghton Mifflin's and Harcourt's elementary, secondary and supplemental businesses, renamed Houghton Mifflin Harcourt Publishing Company, is seen to strengthen the company's position in the US educational publishing sector. Going forward, Houghton Mifflin Harcourt expects to make the investments required to deliver to educators, administrators, students and other customers nationwide, a more comprehensive set of K-12 learning solutions than is available today.
As announced on July 16, 2007, Houghton Mifflin purchased the Harcourt businesses in a transaction valued at $4 billion, consisting of $3.7 billion in cash and $300 million in common stock of Education Media and Publishing Group.
More News in this Theme
