BRIEF-Pearson To Sell Wall Street English To A Consortium Of Funds [Reuters]
Pearson, Plc (PSO)
US:NYSE Investor Relations:
pearson.com/corporate/investors/investor-information.html
Company Research
Source: Reuters
BRIEF-Pearson To Sell Wall Street English To A Consortium Of Funds? | Reuters Reuters Staff 1 Min Read Nov 27 (Reuters) - Pearson Plc: * PEARSON - ?HAS AGREED SALE OF WALL STREET ENGLISH (WSE) TO A CONSORTIUM CONSISTING OF FUNDS AFFILIATED WITH BARING PRIVATE EQUITY ASIA AND CITIC CAPITAL * ?MOELIS & COMPANY ACTED AS FINANCIAL ADVISOR TO PEARSON ON THIS TRANSACTION * PEARSON - ?TRANSACTION IS EXPECTED TO GENERATE GROSS CASH TO PEARSON OF AROUND $300M AFTER ADJUSTMENTS FOR ASSUMED DEFERRED REVENUE AND HISTORICAL TAX LIABILITIES * PEARSON - ?IMPROVEMENT IN PEARSON NET DEBT AS A RESULT WILL BE C. $100M AS AROUND $150M OF OPERATING CASH WILL BE RETAINED IN DISPOSED BUSINESS * ?TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2018? Source text for Eikon: Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. BRIEF-Pearson To Sell Wall Street English To A Consortium Of Funds N
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Sec Filings
- 3/22/24 - Form 6-K
- 3/15/24 - Form S-8
- 3/14/24 - Form 6-K
- PSO's page on the SEC website