Press Release: Houghton Mifflin Harcourt to Acquire Scholastic’s Educational Technology and Services Business for $575 Million
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Eric Shuman, HMH's Chief Financial Officer, said, "The highly-compelling strategic rationale coupled with opportunities for collaboration and coordination on the sales front makes this an attractive acquisition. In line with our capital allocation framework, we view this transaction as a prudent use of our strong cash position and balance sheet and believe that it will help enhance stockholder value over the long term."
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- People:
- Houghton-Mifflin Harcourt
- Places:
- Boston
- United States
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