Houghton Miff (HMHC) Adds $100M to Share Repurchase Plan

In addition to acquiring Scholastic's EdTech business for $575 million, Houghton Mifflin Harcourt Company (NASDAQ: HMHC) announced that consistent with the Company’s goal to create long-term stockholder value, HMH’s Board of Directors has authorized an additional $100 million under the Company’s existing share repurchase program, bringing the total authorization to $200 million. This aligns with HMH’s broader capital allocation strategy, which focuses on driving organic growth, pursuing strategic acquisition opportunities and returning capital to stockholders, when appropriate.

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