Press Release: Houghton Mifflin Harcourt to Acquire Scholastic’s Educational Technology and Services Business for $575 Million
The share repurchase program may be executed over a period of two years from the program's original authorization. Repurchases under the program may be made from time to time in open market or privately negotiated transactions. The extent and timing of any such repurchases would be at the Company's discretion, unless made through pre-arranged trading plans, and subject to market conditions, applicable legal requirements and other considerations.
The Board will continue to actively consider ways to pursue opportunities that are consistent with the Company's capital allocation strategy that the Board deems prudent and appropriate under the circumstances.
Investor Conference Call/Webcast:
At 8:30 a.m. ET on April 24, 2015, HMH will host a conference call to discuss the transaction. The call will be webcast live at ir.hmhco.com. The following information is provided for investors who would like to participate:
Toll Free: (844) 835-6565
International: (484) 653-6719
Conference ID: 33657634
Webcast Link: http://edge.media-server.com/m/p/x5nwqigp
An archived webcast with the accompanying slides will be available at ir.hmhco.com for one year for those unable to participate in the live event. An audio replay of this conference will also be available until May 1, 2015 via the following telephone numbers: (855) 859-2056 in the United States and (404) 537-3406 internationally using conference ID 33657634.