On Aug 7, 2007, at 8:35 AM, [EMAIL PROTECTED] wrote: > I may be wrong, but I thought I recently read that Heinemann was > bought out > by someone. Does anyone else remember reading this? When I read it, I > thought > oh-oh, there goes our voice. I thought the email about the class I > recently > read said, There is no more Heinemann U. Maybe that is the result of > the > buyout? > Does anyone else have any info on this?
Nancy, I just traveled an intricate maze of Google searches which intertwined the names Harcourt, Houghton-Mifflin, Heinemann, Riverdeep, and Reed Elsevier. From what I gather, Heinemann was purchased by Harcourt maybe last year, and now Harcourt is being purchased by Houghton-Mifflin, which is owned by Riverdeep (an Irish company). Perhaps you can unravel it starting here: http://dealbook.blogs.nytimes.com/2007/07/16/houghton-mifflin-to-buy- harcourt-for-4-billion/ First few paragraphs: Houghton Mifflin said on Monday that it would acquire the Harcourt unit of Reed Elsevier for $4 billion in cash and stock, uniting two of the biggest names in educational publishing. Houghton Mifflin will buy Harcourt Education, Harcourt Trade and Greenwood-Heinemann for $3.7 billion in cash and $300 million in stock, the company said in a statement. As part of the agreement, Reed Elsevier will hold about 11.8 percent in Houghton Mifflin’s parent company, the Houhgton Mifflin Riverdeep Group. The combined company will be run by Anthony Lucki, the chairman and chief executive of Houghton Mifflin and the former chief executive of Harcourt Education and Harcourt Inc. The sale is the latest transaction in the world of educational publishing this year. Earlier this year, Thomson agreed to sell its education unit to two private equity firms as it prepares to combine with Reuters. In April, Reed Elsevier sold two of its Harcourt units to Pearson as part of its effort to refocus on its science, medical and business information businesses. Have fun........ Renee When you have only two pennies left in the world, buy a loaf of bread with one, and a lily with the other. ~ Chinese Proverb _______________________________________________ Mosaic mailing list [email protected] To unsubscribe or modify your membership please go to http://literacyworkshop.org/mailman/options/mosaic_literacyworkshop.org. Search the MOSAIC archives at http://snipurl.com/MosaicArchive.
