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-0.00340522133938719 -0.00340522133938719 -0.014755959137344 -0.014755959137344 -0.0385925085130533 -0.05788876276958 -0.054483541430193 -0.0556186152099887
Stock impact report

Pearson sells stake in Penguin Random House [Seeking Alpha]

Pearson, Plc (PSO) 
Company Research Source: Seeking Alpha
Pearson (NYSE: PSO ) is selling a 22% holding in Penguin Random House for $1B, but will maintain a 25% stake in the publisher. "Today's deal enables Pearson to realize a significant amount of the value we’ve helped to create," said Chief Executive John Fallon. It will also enable the group to return £300M of surplus capital to investors via a share buyback. Now read: Westar Energy, Great Plans Energy revise merger deal » Show less Read more
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