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Engine Capital Sends Letter to the Board of Directors of Houghton Mifflin Regarding its Intention to Not Tender its Shares into the Veritas Offer

Believes the Price Is Inadequate and Doesn't Reflect the Value of the Company Following a Flawed Sale Process Outlines a Superior Plan That Would Keep Houghton Mifflin Public Following a Dutch Tender Offer Between $21 and $22 Per Share Announces I