MILWAUKEE, Feb. 22, 2022 /PRNewswire/ -- Ademi LLP is investigating HMH (NASDAQ: HMHC) for possible breaches of fiduciary duty and other violations of law in its transaction with Veritas.
Click here to learn how to join the action: https://www.ademilaw.com/case/houghton-mifflin-harcourt-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges HMH's financial outlook and prospects are excellent and yet HMH shareholders will receive only $21 in cash per share through a tender offer implying an equity value of approximately $2.8 billion. The merger agreement unreasonably limits competing bids for HMH by prohibiting solicitation of further bids, and imposing a significant penalty if HMH accepts a superior bid. HMH insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of HMH's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for HMH.
If you own HMH common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/houghton-mifflin-harcourt-company.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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