Houghton Mifflin to Buy Divisions from Reed Elsevier
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Houghton Mifflin Co., a leading educational publisher, announced that it has signed a definitive agreement to acquire the Harcourt Education, Harcourt Trade and Greenwood Heinemann divisions of Reed Elsevier.
Houghton Mifflin will acquire the Harcourt businesses for $4 billion, which will consist of $3.7 billion in cash and $300 million in common stock of Houghton Mifflin Riverdeep Group PLC.
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