HM Rivergroup PLC Announces the Acquisitions of Houghton Mifflin Company

HM Rivergroup PLC, a newly-formed Irish public limited company, has signed a definitive agreement to acquire Houghton Mifflin Holding Company, Inc., a leading U.S. educational publisher. The purchase price of approximately $3.4 billion consists of approximately $1.75 billion in cash plus the assumption of approximately $1.61 billion in net debt. In addition, as part of the transaction, certain Houghton Mifflin management and employees will roll over $40 million of their equity into equity of HM Rivergroup.