Shares in education publisher Pearson jump 20% on hopes of private equity bid

Market value increases by nearly £1bn as Apollo considers improved cash offer after £6.4bn deal rejectedPearson’s market value jumped by as much as a fifth after a US private equity group said it was considering making an improved cash offer after the educational publisher’s rejection of a potential deal worth more than £6.4bn. News of the possible offer from Apollo sent shares in Pearson, which is finally emerging from a seven-year slump marked by a string of profit warnings and a record £2.6bn loss, up 20%, making it the top riser on the FTSE 100 on Friday. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2022-03-11 13:22:21 UTC ]

Other news stories related to: "Shares in education publisher Pearson jump 20% on hopes of private equity bid"

He's had three strikes. Surely Pearson's chief executive is out?

Two mistakes from the US educational publisher would be understandable. Their confidence three months ago? Less soForecasting is difficult, especially about the future, as the old line goes – but is it quite as hard as John Fallon, chief executive of Pearson, makes it seem?Two errors in 2016... Continue reading at The Guardian

[ The Guardian | 2017-01-19 00:00:00 UTC ]
More news stories like this

Nelson Thornes to Formally Integrate Into OUP

The educational publisher has operated from its Cheltenham, southwest England headquarters as a standalone subsidiary of Oxford University Press since it was acquired in January for an undisclosed sum. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-09-25 00:00:00 UTC ]
More news stories like this

Pearson sees digital profits rise

Educational publisher and FT owner, Pearson reports a rise in profits thanks to improved digital sales and growth in emerging markets. Continue reading at BBC News