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Houghton Mifflin Harcourt’s Biggest Investor Wants Out

November 6, 2020
By Michael Cader

In stark contrast to the company’s official happy talk about selling off their heritage by disposing of the trade division and positioning a struggling textbook publisher as a “pure-play learning technology company,” Houghton Mifflin Harcourt’s biggest investor indicated that they have had enough. Anchore Advisors, the largest shareholder with just under 16 percent of shares, filed a form with the SEC indicating that they want to sell. The investment firm — whose senior portfolio manager Daniel Allen sits on the HMH board — and HMH have terminated an investor rights agreement that dates back to 2012 and “Anchorage has requested […]

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Filed Under: Finance

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