(Reuters) - The two private equity firms are competing separately against Apax Partners, Warburg Pincus and a team comprising Blackstone Group, Thomas H. Lee Partners and Bain Capital, the Times newspaper reported on Monday without citing sources, and adding that bids could come in around $3.5 billion.
Sources close to the process told Reuters in March that Bain, Blackstone and Thomas H. Lee -- former owners of Houghton Mifflin Co. -- were bidding for Thomson Learning.
Read more at Reuters.com Mergers News
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