[MOSAIC] Heinemann/ was (Mosaic) On-line class

[Renee]

On Aug 7, 2007, at 8:35 AM, Creecher12 at aol.com 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