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  "documentTitle": "Houghton Mifflin Harcourt (HMHC)",
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  "authorName": "Engine Capital",
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      "text": "Evercore stands to earn a $32 million fee if this transaction is approved by shareholders",
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      "text": "In addition, during the two-year period prior to the date of its opinion, Evercore and its affiliates have advised / provided financial advisory or other services to Veritas for which Evercore received fees, in the aggregate, of approximately $75 million",
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      "text": "1. Evercore uses the company's net debt as of 3/31/2022... 2. Evercore failed to include the tax attributes... 3. ...understates fair value by at least $3 per share 4. ...did not consider the much higher multiples... 5. ...used discount rates ranging from 11.50% to 13.50%",
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      "text": "Evercore, Houghton Mifflin’s investment bank, is particularly conflicted in this transaction given its relationship with Veritas as stated in the Company’s Schedule 14D-9",
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