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Fly News Breaks for April 27, 2015
SCHL, HMHC
Apr 27, 2015 | 06:23 EDT
Citigroup on Friday downgraded Houghton Mifflin (HMHC) to Neutral saying it saw an 80% likelihood that the company would acquire 100% of Scholastic (SCHL). The company only acquired Scholastic's EdTech business for $575M. Citi lowered its price target for Houghton shares to $27 from $29.
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