» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 215 | Monday, November 04, 2013

Houghton Mifflin Expects to Raise as Much as $292 Million

AP

Print | Front Page | Email this story | Comments ()

BOSTON (AP) Houghton Mifflin Harcourt Co. said Friday that it plans to sell 18.25 million shares in its company for $14 to $16 per share in its initial public offering. At the high end of that range, the educational publisher would raise $292 million.

All of the shares are being sold by certain shareholders and the company will not receive any of the proceeds. The stockholders are expected to offer underwriters the option to buy an additional 2.7 million shares for over allotments.

Houghton Mifflin filed for Chapter 11 in May 2012 after reaching an agreement to eliminate $3.1 billion of its debt. It emerged from bankruptcy protection a month later.

The company plans to trade its shares on the Nasdaq Global Select Market under the symbol "HMHC."

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 292 15,244
MORTGAGES 116 400 19,320
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 180 691 32,907
BANKRUPTCIES 65 228 11,374
BUSINESS LICENSES 24 103 4,914
UTILITY CONNECTIONS 54 227 18,457
MARRIAGE LICENSES 30 116 4,102

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.